Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number:811-22311
Schwab Strategic Trust
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Jonathan de St. Paer
Schwab Strategic Trust
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415)636-7000
Date of fiscal year end: December 31
Date of reporting period: December 31, 2019
Item 1: | Report(s) to Shareholders. |
Table of Contents
Schwab U.S. TIPS ETF | SCHP |
Schwab Short-Term U.S. Treasury ETF | SCHO |
Schwab Intermediate-Term U.S. Treasury ETF | SCHR |
Schwab Long-Term U.S. Treasury ETF | SCHQ |
Schwab U.S. Aggregate Bond ETF | SCHZ |
Schwab 1-5 Year Corporate Bond ETF | SCHJ |
Schwab 5-10 Year Corporate Bond ETF | SCHI |
New Notice Regarding Shareholder Report Delivery Options |
Beginning on January 1, 2021, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a bank or broker-dealer). Instead, the reports will be made available on a fund’s websitewww.schwabfunds.com/schwabetfs_prospectus, and you will be notified by mail each time a report is posted and the mailing will provide a website link to access the report. You will continue to receive other fund regulatory documents (such as prospectuses or supplements) in paper unless you have elected to receive all fund documents electronically. |
If you would like to receive a fund’s future shareholder reports in paper free of charge after January 1, 2021, you can make that request: |
• If you invest through Charles Schwab & Co, Inc. (broker-dealer), by calling 1-866-345-5954 and using the unique identifier attached to this mailing; or |
• If you invest through another financial intermediary (such as a bank or broker-dealer) by contacting them directly. |
If you already receive shareholder reports and other fund documents electronically, you will not be affected by this change and you need not take any action. |
Total Returns for the 12 Months Ended December 31, 2019 | |
Schwab U.S. TIPS ETF (Ticker Symbol: SCHP) | |
Market Price Return1 | 8.52% |
NAV Return1 | 8.36% |
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L) | 8.43% |
ETF Category: Morningstar Inflation-Protected Bond2 | 7.92% |
Performance Details | pages 7-8 |
Schwab Short-Term U.S. Treasury ETF (Ticker Symbol: SCHO) | |
Market Price Return1 | 3.46% |
NAV Return1 | 3.53% |
Bloomberg Barclays US Treasury 1-3 Year Index | 3.59% |
ETF Category: Morningstar Short Government2 | 3.25% |
Performance Details | pages 9-10 |
Schwab Intermediate-Term U.S. Treasury ETF (Ticker Symbol: SCHR) | |
Market Price Return1 | 6.18% |
NAV Return1 | 6.38% |
Bloomberg Barclays US Treasury 3-10 Year Index | 6.43% |
ETF Category: Morningstar Intermediate Government2 | 5.88% |
Performance Details | pages 11-12 |
Schwab Long-Term U.S. Treasury ETF (Ticker Symbol: SCHQ) | |
Market Price Return1 | -5.16%* |
NAV Return1 | -4.91%* |
Bloomberg Barclays US Long Treasury Index | -4.92%* |
ETF Category: Morningstar Long Government2 | N/A |
Performance Details | pages 13-14 |
Total Returns for the 12 Months Ended December 31, 2019 | |
Schwab U.S. Aggregate Bond ETF (Ticker Symbol: SCHZ) | |
Market Price Return1 | 8.64% |
NAV Return1 | 8.64% |
Bloomberg Barclays US Aggregate Bond Index | 8.72% |
ETF Category: Morningstar Intermediate Core Bond2 | 8.06% |
Performance Details | pages 15-16 |
Schwab 1-5 Year Corporate Bond ETF (Ticker Symbol: SCHJ) | |
Market Price Return1 | 0.52%* |
NAV Return1 | 0.50%* |
Bloomberg Barclays US 1-5 Year Corporate Bond Index | 0.57%* |
ETF Category: Morningstar Short-Term Bond2 | N/A |
Performance Details | pages 17-18 |
Schwab 5-10 Year Corporate Bond ETF (Ticker Symbol: SCHI) | |
Market Price Return1 | 0.67%* |
NAV Return1 | 0.67%* |
Bloomberg Barclays US 5-10 Year Corporate Bond Index | 0.76%* |
ETF Category: Morningstar Corporate Bond2 | N/A |
Performance Details | pages 19-20 |
* | Total returns shown are since the fund’s inception date of October 10, 2019. |
1 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
President of Charles Schwab
Investment Management, Inc.
and the funds covered
in this report.
Matthew Hastings, CFA, Vice President and Head of Taxable Bond Strategies, leads the portfolio management team for Schwab Fixed-Income ETFs and Schwab’s taxable bond funds. He also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman Brothers. He has worked in the fixed-income securities industry since 1996. |
Steven Hung, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab U.S. Aggregate Bond ETF, Schwab 1-5 Year Corporate Bond ETF and Schwab 5-10 Year Corporate Bond ETF. His primary focus is corporate bonds. Prior to joining CSIM in 1999, Mr. Hung was an associate in Schwab’s management training program for nine months. In that role, he worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange. |
Mark McKissick, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab U.S. TIPS ETF, Schwab Short-Term U.S. Treasury ETF, Schwab Intermediate-Term U.S. Treasury ETF, Schwab Long-Term U.S. Treasury ETF and Schwab U.S. Aggregate Bond ETF. Prior to joining CSIM in 2016, Mr. McKissick worked at Denver Investments for 17 years, most recently as a director of fixed income and portfolio manager where he co-managed multiple bond strategies, as well as oversaw the firm’s fixed-income business including the investment process, client service and other administrative functions. |
Alfonso Portillo, Jr., Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab U.S. Aggregate Bond ETF. His primary focus is securitized products. Prior to joining CSIM in 2007, Mr. Portillo worked for ten years at Pacific Investment Management Company, most recently as a vice president and member of the mortgage- and asset-backed portfolio management team. He has worked in fixed-income asset management since 1996. |
Weighted Average Maturity4 | 8.0 Yrs |
Weighted Average Duration4 | 7.4 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | Less than 0.05%. |
3 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
4 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. TIPS ETF (8/5/2010) | |||
Market Price Return2 | 8.52% | 2.52% | 2.99% |
NAV Return2 | 8.36% | 2.55% | 2.98% |
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L) | 8.43% | 2.62% | 3.07% |
ETF Category: Morningstar Inflation-Protected Bond3 | 7.92% | 2.15% | N/A |
Fund Expense Ratio4: 0.05% |
* | Inception (8/5/10) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Weighted Average Maturity3 | 2.0 Yrs |
Weighted Average Duration3 | 1.9 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
3 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Short-Term U.S. Treasury ETF (8/5/2010) | |||
Market Price Return2 | 3.46% | 1.30% | 0.99% |
NAV Return2 | 3.53% | 1.31% | 0.99% |
Bloomberg Barclays US Treasury 1-3 Year Index | 3.59% | 1.39% | 1.08% |
ETF Category: Morningstar Short Government3 | 3.25% | 1.18% | N/A |
Fund Expense Ratio4: 0.05% |
* | Inception (8/5/10) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. Effective December 13, 2019, the management fee was reduced to 0.05%. For more information, see financial note 4 or refer to the prospectus supplement dated December 13, 2019. |
Weighted Average Maturity3 | 5.6 Yrs |
Weighted Average Duration3 | 5.2 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
3 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Intermediate-Term U.S. Treasury ETF (8/5/2010) | |||
Market Price Return2 | 6.18% | 2.33% | 2.63% |
NAV Return2 | 6.38% | 2.38% | 2.64% |
Bloomberg Barclays US Treasury 3-10 Year Index | 6.43% | 2.46% | 2.74% |
ETF Category: Morningstar Intermediate Government3 | 5.88% | 1.94% | N/A |
Fund Expense Ratio4: 0.05% |
* | Inception (8/5/10) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. Effective December 13, 2019, the management fee was reduced to 0.05%. For more information, see financial note 4 or refer to the prospectus supplement dated December 13, 2019. |
Weighted Average Maturity4 | 24.9 Yrs |
Weighted Average Duration4 | 17.5 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | Less than 0.05%. |
3 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
4 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | Since Inception* |
Fund: Schwab Long-Term U.S. Treasury ETF (10/10/2019) | |
Market Price Return2 | -5.16% |
NAV Return2 | -4.91% |
Bloomberg Barclays US Long Treasury Index | -4.92% |
ETF Category: Morningstar Long Government3 | N/A |
Fund Expense Ratio4: 0.05% |
* | Inception (10/10/19) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. Effective December 13, 2019, the management fee was reduced to 0.05%. For more information, see financial note 4 or refer to the prospectus supplement dated December 13, 2019. |
Weighted Average Maturity4 | 7.9 Yrs |
Weighted Average Duration4 | 5.9 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | The fund may seek to obtain exposure to U.S. agency mortgage pass-through securities, in part or in full, through the use of “to-be-announced” or “TBA” transactions, which are standardized contracts for future delivery of mortgage pass-through securities in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement. These transactions represented approximately 1.8% of total investments on December 31, 2019. |
3 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
4 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. Aggregate Bond ETF (7/14/2011) | |||
Market Price Return2 | 8.64% | 2.90% | 3.08% |
NAV Return2 | 8.64% | 2.97% | 3.08% |
Bloomberg Barclays US Aggregate Bond Index | 8.72% | 3.05% | 3.20% |
ETF Category: Morningstar Intermediate Core Bond3 | 8.06% | 2.72% | N/A |
Fund Expense Ratio4: 0.04% |
* | Inception (7/14/11) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
Weighted Average Maturity3 | 2.8 Yrs |
Weighted Average Duration3 | 2.6 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
3 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | Since Inception* |
Fund: Schwab 1-5 Year Corporate Bond ETF (10/10/2019) | |
Market Price Return2 | 0.52% |
NAV Return2 | 0.50% |
Bloomberg Barclays US 1-5 Year Corporate Bond Index | 0.57% |
ETF Category: Morningstar Short-Term Bond3 | N/A |
Fund Expense Ratio4: 0.05% |
* | Inception (10/10/19) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. Effective December 13, 2019, the management fee was reduced to 0.05%. For more information, see financial note 4 or refer to the prospectus supplement dated December 13, 2019. |
Weighted Average Maturity3 | 7.1 Yrs |
Weighted Average Duration3 | 6.2 Yrs |
1 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
2 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
3 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | Since Inception* |
Fund: Schwab 5-10 Year Corporate Bond ETF (10/10/2019) | |
Market Price Return2 | 0.67% |
NAV Return2 | 0.67% |
Bloomberg Barclays US 5-10 Year Corporate Bond Index | 0.76% |
ETF Category: Morningstar Corporate Bond3 | N/A |
Fund Expense Ratio4: 0.05% |
* | Inception (10/10/19) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. Effective December 13, 2019, the management fee was reduced to 0.05%. For more information, see financial note 4 or refer to the prospectus supplement dated December 13, 2019. |
Expense Ratio (Annualized)1 | Beginning Account Value at 7/1/19 | Ending Account Value (Net of Expenses) at 12/31/19 | Expenses Paid During Period 7/1/19-12/31/192 | |
Schwab U.S. TIPS ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,021.40 | $0.25 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.95 | $0.26 |
Schwab Short-Term U.S. Treasury ETF | ||||
Actual Return | 0.06% | $1,000.00 | $1,010.60 | $0.30 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.90 | $0.31 |
Schwab Intermediate-Term U.S. Treasury ETF | ||||
Actual Return | 0.06% | $1,000.00 | $1,012.30 | $0.30 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.90 | $0.31 |
Schwab Long-Term U.S. Treasury ETF3,4 | ||||
Actual Return | 0.06% | $1,000.00 | $950.90 | $0.13 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.90 | $0.31 |
Schwab U.S. Aggregate Bond ETF | ||||
Actual Return | 0.04% | $1,000.00 | $1,024.10 | $0.20 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,025.00 | $0.20 |
Schwab 1-5 Year Corporate Bond ETF3,4 | ||||
Actual Return | 0.06% | $1,000.00 | $1,005.00 | $0.14 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.90 | $0.31 |
Schwab 5-10 Year Corporate Bond ETF3,4 | ||||
Actual Return | 0.06% | $1,000.00 | $1,006.70 | $0.14 |
Hypothetical 5% Return | 0.06% | $1,000.00 | $1,024.90 | $0.31 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights which covers a 12-month period. Effective December 13, 2019, the advisory fee of the Schwab Short-Term U.S. Treasury ETF, Schwab Intermediate-Term U.S. Treasury ETF, Schwab Long-Term U.S. Treasury ETF, Schwab 1-5 Year Corporate Bond ETF, and Schwab 5-10 Year Corporate Bond ETF were reduced to 0.05% each, respectively. If the fund expense changes had been in place throughout the entire most recent fiscal half-year the expenses paid during period under the actual return and hypothetical 5% return example would have been the following; For Schwab Short-Term U.S. Treasury ETF, $0.25 and $0.26, respectively, for Schwab Intermediate-Term U.S. Treasury ETF, $0.25 and $0.26, respectively, for Schwab Long-Term U.S. Treasury ETF, $0.11 and $0.26, respectively, for Schwab 1-5 Year Corporate Bond ETF, $0.11 and $0.26, respectively, and for Schwab 5-10 Year Corporate Bond ETF, $0.11 and $0.26, respectively. (See financial note 4) |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by 365 days of the fiscal year. |
3 | The expense ratio provided for the fund is for the period from 10/10/19 (commencement of operations) through 12/31/19. |
4 | Actual expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 83 days of the period from commencement of operations on 10/10/19 through 12/31/19, and divided by 365 days of the fiscal year. Hypothetical expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by 365 days of the fiscal year. |
1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $53.27 | $55.39 | $54.84 | $53.15 | $54.11 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.21 | 1.51 | 1.17 | 0.99 | 0.17 | |
Net realized and unrealized gains (losses) | 3.23 | (2.23) | 0.43 | 1.46 | (0.98) | |
Total from investment operations | 4.44 | (0.72) | 1.60 | 2.45 | (0.81) | |
Less distributions: | ||||||
Distributions from net investment income | (1.14) | (1.40) | (1.05) | (0.76) | (0.15) | |
Net asset value at end of period | $56.57 | $53.27 | $55.39 | $54.84 | $53.15 | |
Total return | 8.36% | (1.31%) | 2.95% | 4.60% | (1.50%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% | 0.05% | 0.05%2 | 0.07% | 0.07% | |
Net investment income (loss) | 2.18% | 2.80% | 2.13% | 1.78% | 0.31% | |
Portfolio turnover rate3 | 20% | 17% | 19% | 16% | 19% | |
Net assets, end of period (x 1,000) | $8,733,970 | $5,779,263 | $2,880,386 | $1,614,977 | $815,816 | |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries99.7% of net assets | ||
U.S. Treasury Inflation Protected Securities | ||
1.13%, 01/15/21 | 251,302,350 | 253,739,817 |
0.13%, 04/15/21 | 317,722,012 | 317,177,459 |
0.63%, 07/15/21 | 266,598,178 | 269,701,247 |
0.13%, 01/15/22 | 294,052,467 | 294,006,777 |
0.13%, 04/15/22 | 310,510,383 | 310,205,433 |
0.13%, 07/15/22 | 302,951,169 | 304,363,275 |
0.13%, 01/15/23 | 303,407,092 | 303,491,366 |
0.63%, 04/15/23 | 303,192,430 | 307,994,568 |
0.38%, 07/15/23 | 302,639,769 | 306,947,994 |
0.63%, 01/15/24 | 301,469,318 | 307,973,546 |
0.50%, 04/15/24 | 217,979,140 | 221,604,176 |
0.13%, 07/15/24 | 296,355,588 | 298,256,741 |
0.13%, 10/15/24 | 214,160,098 | 215,484,808 |
0.25%, 01/15/25 | 297,228,990 | 300,036,202 |
2.38%, 01/15/25 | 188,958,648 | 210,740,711 |
0.38%, 07/15/25 | 297,085,621 | 303,226,381 |
0.63%, 01/15/26 | 265,942,094 | 274,189,919 |
2.00%, 01/15/26 | 134,796,659 | 149,947,048 |
0.13%, 07/15/26 | 250,933,550 | 251,846,088 |
0.38%, 01/15/27 | 249,002,800 | 252,904,848 |
2.38%, 01/15/27 | 110,676,183 | 127,786,620 |
0.38%, 07/15/27 | 246,054,566 | 251,090,669 |
0.50%, 01/15/28 | 244,015,198 | 250,443,698 |
1.75%, 01/15/28 | 114,019,894 | 128,159,606 |
3.63%, 04/15/28 | 96,359,219 | 123,355,128 |
0.75%, 07/15/28 | 239,624,412 | 252,243,228 |
0.88%, 01/15/29 | 238,215,032 | 253,082,692 |
2.50%, 01/15/29 | 110,574,970 | 133,344,652 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.88%, 04/15/29 | 117,414,317 | 156,861,416 |
0.25%, 07/15/29 | 255,307,965 | 257,935,240 |
3.38%, 04/15/32 | 44,607,302 | 61,350,588 |
2.13%, 02/15/40 | 59,759,654 | 78,258,442 |
2.13%, 02/15/41 | 76,686,146 | 101,245,038 |
0.75%, 02/15/42 | 134,594,064 | 140,170,521 |
0.63%, 02/15/43 | 99,574,704 | 100,943,220 |
1.38%, 02/15/44 | 150,179,592 | 177,415,840 |
0.75%, 02/15/45 | 167,439,280 | 174,018,349 |
1.00%, 02/15/46 | 114,877,623 | 126,561,526 |
0.88%, 02/15/47 | 110,293,218 | 118,400,772 |
1.00%, 02/15/48 | 117,439,054 | 130,181,841 |
1.00%, 02/15/49 | 102,443,763 | 113,961,176 |
Total Treasuries | ||
(Cost $8,507,681,361) | 8,710,648,666 | |
Security | Number of Shares | Value ($) |
Other Investment Company0.0% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(a) | 509,711 | 509,711 |
Total Other Investment Company | ||
(Cost $509,711) | 509,711 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $8,710,648,666 | $— | $8,710,648,666 | |
Other Investment Company1 | 509,711 | — | — | 509,711 | |
Total | $509,711 | $8,710,648,666 | $— | $8,711,158,377 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $8,508,191,072) | $8,711,158,377 | |
Receivables: | ||
Investments sold | 99,135,888 | |
Interest | 23,661,896 | |
Fund shares sold | 16,970,146 | |
Dividends | + | 8,433 |
Total assets | 8,850,934,740 | |
Liabilities | ||
Payables: | ||
Investments bought | 116,598,549 | |
Management fees | + | 366,624 |
Total liabilities | 116,965,173 | |
Net Assets | ||
Total assets | 8,850,934,740 | |
Total liabilities | – | 116,965,173 |
Net assets | $8,733,969,567 | |
Net Assets by Source | ||
Capital received from investors | 8,578,451,826 | |
Total distributable earnings | 155,517,741 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$8,733,969,567 | 154,400,000 | $56.57 | ||
Investment Income | ||
Dividends | $89,669 | |
Interest | + | 156,475,399 |
Total investment income | 156,565,068 | |
Expenses | ||
Management fees | 3,513,832 | |
Total expenses | – | 3,513,832 |
Net investment income | 153,051,236 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (10,446,063) | |
Net realized gains on in-kind redemptions | + | 12,404,585 |
Net realized gains | 1,958,522 | |
Net change in unrealized appreciation (depreciation) on investments | + | 361,225,335 |
Net realized and unrealized gains | 363,183,857 | |
Increase in net assets resulting from operations | $516,235,093 |
Operations | ||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||
Net investment income | $153,051,236 | $129,670,175 | ||
Net realized gains (losses) | 1,958,522 | (19,770,508) | ||
Net change in unrealized appreciation (depreciation) | + | 361,225,335 | (167,659,366) | |
Increase (decrease) in net assets resulting from operations | 516,235,093 | (57,759,699) | ||
Distributions to Shareholders | ||||
Total distributions | ($152,790,170) | ($130,028,200) |
Transactions in Fund Shares | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 55,400,000 | $3,115,333,976 | 68,000,000 | $3,701,238,840 | ||||
Shares redeemed | + | (9,500,000) | (524,072,192) | (11,500,000) | (614,573,583) | |||
Net transactions in fund shares | 45,900,000 | $2,591,261,784 | 56,500,000 | $3,086,665,257 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 108,500,000 | $5,779,262,860 | 52,000,000 | $2,880,385,502 | ||||
Total increase | + | 45,900,000 | 2,954,706,707 | 56,500,000 | 2,898,877,358 | |||
End of period | 154,400,000 | $8,733,969,567 | 108,500,000 | $5,779,262,860 |
1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $49.88 | $50.03 | $50.41 | $50.43 | $50.55 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.14 | 0.94 | 0.57 | 0.42 | 0.35 | |
Net realized and unrealized gains (losses) | 0.60 | (0.20)2 | (0.39) | (0.03) | (0.13) | |
Total from investment operations | 1.74 | 0.74 | 0.18 | 0.39 | 0.22 | |
Less distributions: | ||||||
Distributions from net investment income | (1.14) | (0.89) | (0.56) | (0.41) | (0.34) | |
Net asset value at end of period | $50.48 | $49.88 | $50.03 | $50.41 | $50.43 | |
Total return | 3.53% | 1.50% | 0.35% | 0.78% | 0.44% | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06%3 | 0.06% | 0.06% | 0.08%4 | 0.08% | |
Net investment income (loss) | 2.27% | 1.89% | 1.13% | 0.83% | 0.69% | |
Portfolio turnover rate5 | 77% | 65% | 65% | 66% | 89% | |
Net assets, end of period (x 1,000) | $5,262,952 | $4,254,630 | $2,181,398 | $1,414,092 | $1,071,573 | |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries99.5% of net assets | ||
Bonds | ||
7.88%, 02/15/21 | 5,847,000 | 6,250,694 |
8.13%, 05/15/21 | 1,700,000 | 1,851,240 |
8.13%, 08/15/21 | 2,000,000 | 2,209,375 |
8.00%, 11/15/21 | 15,918,000 | 17,787,122 |
7.25%, 08/15/22 | 7,604,000 | 8,708,659 |
Notes | ||
2.00%, 01/15/21 | 48,035,000 | 48,224,513 |
1.38%, 01/31/21 | 67,475,000 | 67,299,723 |
2.13%, 01/31/21 | 54,456,000 | 54,752,743 |
2.50%, 01/31/21 | 73,609,000 | 74,299,084 |
2.25%, 02/15/21 | 45,945,000 | 46,266,256 |
3.63%, 02/15/21 | 79,170,000 | 80,923,492 |
1.13%, 02/28/21 | 68,711,000 | 68,323,159 |
2.00%, 02/28/21 | 64,629,000 | 64,911,752 |
2.50%, 02/28/21 | 80,243,000 | 81,048,564 |
2.38%, 03/15/21 | 53,519,000 | 53,998,789 |
1.25%, 03/31/21 | 33,553,000 | 33,408,827 |
2.25%, 03/31/21 | 72,975,000 | 73,546,542 |
2.38%, 04/15/21 | 71,004,000 | 71,709,880 |
1.38%, 04/30/21 | 69,528,000 | 69,336,526 |
2.25%, 04/30/21 | 63,846,000 | 64,402,159 |
2.63%, 05/15/21 | 71,825,000 | 72,828,025 |
3.13%, 05/15/21 | 50,414,000 | 51,458,712 |
1.38%, 05/31/21 | 71,602,000 | 71,396,424 |
2.00%, 05/31/21 | 6,326,000 | 6,362,572 |
2.13%, 05/31/21 | 82,573,000 | 83,187,460 |
2.63%, 06/15/21 | 62,707,000 | 63,634,133 |
1.13%, 06/30/21 | 66,116,000 | 65,674,366 |
1.63%, 06/30/21 | 26,214,000 | 26,228,848 |
2.13%, 06/30/21 | 44,071,000 | 44,426,495 |
2.63%, 07/15/21 | 64,972,000 | 65,990,994 |
1.13%, 07/31/21 | 130,234,000 | 129,292,856 |
1.75%, 07/31/21 | 42,661,000 | 42,769,319 |
2.25%, 07/31/21 | 798,000 | 806,214 |
2.13%, 08/15/21 | 9,005,000 | 9,081,683 |
2.75%, 08/15/21 | 164,533,000 | 167,563,364 |
1.13%, 08/31/21 | 23,148,000 | 22,972,582 |
1.50%, 08/31/21 | 69,000 | 68,900 |
2.00%, 08/31/21 | 12,371,000 | 12,454,359 |
2.75%, 09/15/21 | 79,445,000 | 80,984,247 |
1.13%, 09/30/21 | 77,365,000 | 76,754,542 |
1.50%, 09/30/21 | 4,948,000 | 4,941,139 |
2.13%, 09/30/21 | 29,724,000 | 29,995,696 |
2.88%, 10/15/21 | 90,249,000 | 92,284,890 |
1.25%, 10/31/21 | 114,969,000 | 114,302,090 |
1.50%, 10/31/21 | 4,006,000 | 4,000,836 |
2.00%, 10/31/21 | 87,434,000 | 88,101,709 |
2.00%, 11/15/21 | 5,562,000 | 5,607,191 |
2.88%, 11/15/21 | 68,524,000 | 70,151,445 |
1.50%, 11/30/21 | 83,507,000 | 83,402,616 |
1.75%, 11/30/21 | 149,818,000 | 150,309,590 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
1.88%, 11/30/21 | 40,546,000 | 40,789,118 |
2.63%, 12/15/21 | 97,042,000 | 98,984,735 |
1.63%, 12/31/21 | 4,000,000 | 4,005,234 |
2.00%, 12/31/21 | 83,075,000 | 83,754,852 |
2.13%, 12/31/21 | 3,731,000 | 3,770,715 |
2.50%, 01/15/22 | 92,838,000 | 94,531,569 |
1.50%, 01/31/22 | 38,962,000 | 38,910,254 |
1.88%, 01/31/22 | 75,701,000 | 76,156,389 |
2.00%, 02/15/22 | 48,885,000 | 49,310,834 |
2.50%, 02/15/22 | 48,832,000 | 49,766,675 |
1.75%, 02/28/22 | 46,129,000 | 46,307,390 |
1.88%, 02/28/22 | 46,879,000 | 47,175,656 |
2.38%, 03/15/22 | 63,679,000 | 64,790,895 |
1.75%, 03/31/22 | 49,259,000 | 49,453,342 |
1.88%, 03/31/22 | 39,755,000 | 40,015,892 |
2.25%, 04/15/22 | 43,626,000 | 44,276,982 |
1.75%, 04/30/22 | 46,467,000 | 46,655,772 |
1.88%, 04/30/22 | 58,167,000 | 58,562,354 |
1.75%, 05/15/22 | 42,217,000 | 42,386,858 |
2.13%, 05/15/22 | 65,973,000 | 66,802,817 |
1.75%, 05/31/22 | 64,211,000 | 64,481,890 |
1.88%, 05/31/22 | 43,330,000 | 43,638,049 |
1.75%, 06/15/22 | 64,295,000 | 64,568,756 |
1.75%, 06/30/22 | 56,536,000 | 56,783,345 |
2.13%, 06/30/22 | 50,257,000 | 50,932,329 |
1.75%, 07/15/22 | 70,293,000 | 70,581,311 |
1.88%, 07/31/22 | 52,216,000 | 52,599,461 |
2.00%, 07/31/22 | 147,758,000 | 149,322,157 |
1.50%, 08/15/22 | 79,156,000 | 78,998,306 |
1.63%, 08/15/22 | 111,000 | 111,147 |
1.63%, 08/31/22 | 59,315,000 | 59,382,193 |
1.88%, 08/31/22 | 123,698,000 | 124,640,231 |
1.50%, 09/15/22 | 35,314,000 | 35,240,889 |
1.75%, 09/30/22 | 52,812,000 | 53,038,927 |
1.88%, 09/30/22 | 69,562,000 | 70,110,888 |
1.38%, 10/15/22 | 57,783,000 | 57,439,914 |
1.88%, 10/31/22 | 44,954,000 | 45,301,691 |
2.00%, 10/31/22 | 47,396,000 | 47,923,651 |
1.63%, 11/15/22 | 103,414,000 | 103,498,832 |
2.00%, 11/30/22 | 89,155,000 | 90,185,855 |
1.63%, 12/15/22 | 42,000,000 | 42,044,297 |
2.13%, 12/31/22 | 100,000,000 | 101,546,875 |
Total Treasuries | ||
(Cost $5,189,549,033) | 5,235,071,723 |
Security | Number of Shares | Value ($) |
Other Investment Company0.1% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(a) | 7,064,426 | 7,064,426 |
Total Other Investment Company | ||
(Cost $7,064,426) | 7,064,426 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $5,235,071,723 | $— | $5,235,071,723 | |
Other Investment Company1 | 7,064,426 | — | — | 7,064,426 | |
Total | $7,064,426 | $5,235,071,723 | $— | $5,242,136,149 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $5,196,613,459) | $5,242,136,149 | |
Receivables: | ||
Investments sold | 271,662,437 | |
Interest | 25,218,015 | |
Fund shares sold | 12,618,157 | |
Dividends | + | 5,132 |
Total assets | 5,551,639,890 | |
Liabilities | ||
Payables: | ||
Investments bought | 159,715,050 | |
Management fees | 238,551 | |
Fund shares redeemed | + | 128,734,085 |
Total liabilities | 288,687,686 | |
Net Assets | ||
Total assets | 5,551,639,890 | |
Total liabilities | – | 288,687,686 |
Net assets | $5,262,952,204 | |
Net Assets by Source | ||
Capital received from investors | 5,242,654,380 | |
Total distributable earnings | 20,297,824 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$5,262,952,204 | 104,250,000 | $50.48 | ||
Investment Income | ||
Dividends | $133,731 | |
Interest | + | 125,556,721 |
Total investment income | 125,690,452 | |
Expenses | ||
Management fees | 3,205,305 | |
Total expenses | – | 3,205,305 |
Net investment income | 122,485,147 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (4,609,671) | |
Net realized gains on in-kind redemptions | + | 26,141,162 |
Net realized gains | 21,531,491 | |
Net change in unrealized appreciation (depreciation) on investments | + | 44,234,324 |
Net realized and unrealized gains | 65,765,815 | |
Increase in net assets resulting from operations | $188,250,962 |
Operations | ||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||
Net investment income | $122,485,147 | $51,698,208 | ||
Net realized gains (losses) | 21,531,491 | (16,347,813) | ||
Net change in unrealized appreciation (depreciation) | + | 44,234,324 | 19,233,560 | |
Increase in net assets resulting from operations | 188,250,962 | 54,583,955 | ||
Distributions to Shareholders | ||||
Total distributions | ($122,565,815) | ($51,440,855) |
Transactions in Fund Shares | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 92,750,000 | $4,666,572,488 | 52,000,000 | $2,581,262,926 | ||||
Shares redeemed | + | (73,800,000) | (3,723,935,297) | (10,300,000) | (511,174,627) | |||
Net transactions in fund shares | 18,950,000 | $942,637,191 | 41,700,000 | $2,070,088,299 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 85,300,000 | $4,254,629,866 | 43,600,000 | $2,181,398,467 | ||||
Total increase | + | 18,950,000 | 1,008,322,338 | 41,700,000 | 2,073,231,399 | |||
End of period | 104,250,000 | $5,262,952,204 | 85,300,000 | $4,254,629,866 |
1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $52.89 | $53.35 | $53.41 | $53.55 | $53.52 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.28 | 1.21 | 0.89 | 0.79 | 0.85 | |
Net realized and unrealized gains (losses) | 2.07 | (0.55)2 | (0.07) | (0.15) | 0.022 | |
Total from investment operations | 3.35 | 0.66 | 0.82 | 0.64 | 0.87 | |
Less distributions: | ||||||
Distributions from net investment income | (1.27) | (1.12) | (0.88) | (0.78) | (0.84) | |
Net asset value at end of period | $54.97 | $52.89 | $53.35 | $53.41 | $53.55 | |
Total return | 6.38% | 1.28% | 1.54% | 1.16% | 1.62% | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06%3 | 0.06% | 0.06% | 0.09%4 | 0.10%5 | |
Net investment income (loss) | 2.35% | 2.34% | 1.66% | 1.44% | 1.59% | |
Portfolio turnover rate6 | 38% | 41% | 30% | 30% | 32% | |
Net assets, end of period (x 1,000) | $4,735,743 | $3,480,449 | $1,165,708 | $790,506 | $441,747 | |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries99.4% of net assets | ||
Bonds | ||
7.13%, 02/15/23 | 6,570,000 | 7,681,511 |
6.25%, 08/15/23 | 6,959,000 | 8,088,478 |
7.50%, 11/15/24 | 10,352,000 | 13,153,914 |
7.63%, 02/15/25 | 3,462,000 | 4,465,304 |
6.88%, 08/15/25 | 3,647,000 | 4,650,637 |
6.00%, 02/15/26 | 8,575,000 | 10,681,569 |
6.75%, 08/15/26 | 3,982,000 | 5,218,598 |
6.50%, 11/15/26 | 5,472,000 | 7,139,250 |
6.63%, 02/15/27 | 3,939,000 | 5,208,712 |
6.38%, 08/15/27 | 3,293,000 | 4,360,652 |
6.13%, 11/15/27 | 14,517,000 | 19,088,721 |
5.50%, 08/15/28 | 5,987,000 | 7,712,940 |
5.25%, 11/15/28 | 5,953,000 | 7,586,819 |
5.25%, 02/15/29 | 3,729,000 | 4,773,994 |
6.13%, 08/15/29 | 4,974,000 | 6,824,872 |
Notes | ||
2.00%, 02/15/23 | 56,045,000 | 56,719,291 |
1.50%, 02/28/23 | 36,366,000 | 36,248,095 |
2.63%, 02/28/23 | 39,615,000 | 40,849,874 |
1.50%, 03/31/23 | 31,284,000 | 31,180,127 |
2.50%, 03/31/23 | 36,432,000 | 37,452,381 |
1.63%, 04/30/23 | 44,824,000 | 44,834,506 |
2.75%, 04/30/23 | 35,789,000 | 37,094,739 |
1.75%, 05/15/23 | 77,440,000 | 77,763,675 |
1.63%, 05/31/23 | 34,971,000 | 34,980,562 |
2.75%, 05/31/23 | 30,439,000 | 31,568,572 |
1.38%, 06/30/23 | 25,479,000 | 25,265,016 |
2.63%, 06/30/23 | 24,634,000 | 25,471,171 |
1.25%, 07/31/23 | 40,733,000 | 40,198,379 |
2.75%, 07/31/23 | 63,881,000 | 66,356,389 |
2.50%, 08/15/23 | 45,223,000 | 46,597,355 |
1.38%, 08/31/23 | 21,588,000 | 21,394,889 |
2.75%, 08/31/23 | 39,729,000 | 41,291,778 |
1.38%, 09/30/23 | 29,879,000 | 29,595,383 |
2.88%, 09/30/23 | 35,345,000 | 36,924,480 |
1.63%, 10/31/23 | 28,819,000 | 28,802,114 |
2.88%, 10/31/23 | 54,590,000 | 57,072,139 |
2.75%, 11/15/23 | 62,932,000 | 65,520,570 |
2.13%, 11/30/23 | 41,698,000 | 42,450,519 |
2.88%, 11/30/23 | 65,775,000 | 68,811,955 |
2.25%, 12/31/23 | 26,619,000 | 27,234,564 |
2.63%, 12/31/23 | 48,419,000 | 50,236,604 |
2.25%, 01/31/24 | 30,067,000 | 30,770,521 |
2.50%, 01/31/24 | 28,093,000 | 29,024,678 |
2.75%, 02/15/24 | 58,419,000 | 60,952,012 |
2.13%, 02/29/24 | 27,816,000 | 28,337,550 |
2.38%, 02/29/24 | 43,272,000 | 44,516,070 |
2.13%, 03/31/24 | 66,123,000 | 67,362,806 |
2.00%, 04/30/24 | 30,746,000 | 31,174,763 |
2.25%, 04/30/24 | 53,574,000 | 54,875,681 |
2.50%, 05/15/24 | 74,577,000 | 77,190,108 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.00%, 05/31/24 | 75,814,000 | 76,877,173 |
1.75%, 06/30/24 | 51,738,000 | 51,909,786 |
2.00%, 06/30/24 | 34,454,000 | 34,937,164 |
1.75%, 07/31/24 | 30,010,000 | 30,111,987 |
2.13%, 07/31/24 | 65,221,000 | 66,502,491 |
2.38%, 08/15/24 | 69,612,000 | 71,762,902 |
1.25%, 08/31/24 | 22,825,000 | 22,392,573 |
1.88%, 08/31/24 | 28,882,000 | 29,136,974 |
1.50%, 09/30/24 | 53,570,000 | 53,132,651 |
2.13%, 09/30/24 | 38,872,000 | 39,655,514 |
1.50%, 10/31/24 | 36,821,000 | 36,520,391 |
2.25%, 10/31/24 | 34,640,000 | 35,553,359 |
2.25%, 11/15/24 | 76,114,000 | 78,129,832 |
1.50%, 11/30/24 | 34,784,000 | 34,508,174 |
2.13%, 11/30/24 | 18,916,000 | 19,306,143 |
1.75%, 12/31/24 | 5,000,000 | 5,016,797 |
2.25%, 12/31/24 | 31,429,000 | 32,274,882 |
2.50%, 01/31/25 | 31,391,000 | 32,629,473 |
2.00%, 02/15/25 | 71,405,000 | 72,464,918 |
2.75%, 02/28/25 | 33,124,000 | 34,843,601 |
2.63%, 03/31/25 | 38,405,000 | 40,176,731 |
2.88%, 04/30/25 | 37,880,000 | 40,120,247 |
2.13%, 05/15/25 | 71,306,000 | 72,798,969 |
2.88%, 05/31/25 | 34,927,000 | 37,006,248 |
2.75%, 06/30/25 | 36,441,000 | 38,395,433 |
2.88%, 07/31/25 | 39,041,000 | 41,409,386 |
2.00%, 08/15/25 | 76,225,000 | 77,290,959 |
2.75%, 08/31/25 | 37,689,000 | 39,739,812 |
3.00%, 09/30/25 | 31,710,000 | 33,878,915 |
3.00%, 10/31/25 | 35,038,000 | 37,455,075 |
2.25%, 11/15/25 | 67,363,000 | 69,220,746 |
2.88%, 11/30/25 | 27,723,000 | 29,458,936 |
2.63%, 12/31/25 | 34,019,000 | 35,685,400 |
2.63%, 01/31/26 | 41,396,000 | 43,430,226 |
1.63%, 02/15/26 | 66,299,000 | 65,724,064 |
2.50%, 02/28/26 | 29,719,000 | 30,973,931 |
2.25%, 03/31/26 | 30,967,000 | 31,827,060 |
2.38%, 04/30/26 | 30,846,000 | 31,937,659 |
1.63%, 05/15/26 | 62,950,000 | 62,325,418 |
2.13%, 05/31/26 | 38,963,000 | 39,752,914 |
1.88%, 06/30/26 | 52,431,000 | 52,697,251 |
1.88%, 07/31/26 | 24,286,000 | 24,396,046 |
1.50%, 08/15/26 | 84,684,000 | 83,063,096 |
1.38%, 08/31/26 | 26,648,000 | 25,927,671 |
1.63%, 09/30/26 | 32,975,000 | 32,588,574 |
1.63%, 10/31/26 | 27,052,000 | 26,722,304 |
2.00%, 11/15/26 | 68,401,000 | 69,202,574 |
1.63%, 11/30/26 | 31,584,000 | 31,191,668 |
2.25%, 02/15/27 | 86,228,000 | 88,680,109 |
2.38%, 05/15/27 | 85,325,000 | 88,531,354 |
2.25%, 08/15/27 | 57,423,000 | 59,073,911 |
2.25%, 11/15/27 | 47,817,000 | 49,191,739 |
2.75%, 02/15/28 | 76,856,000 | 81,959,719 |
2.88%, 05/15/28 | 95,932,000 | 103,351,741 |
2.88%, 08/15/28 | 86,481,000 | 93,284,623 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.13%, 11/15/28 | 114,800,000 | 126,342,782 |
2.63%, 02/15/29 | 72,034,000 | 76,406,689 |
2.38%, 05/15/29 | 70,825,000 | 73,680,133 |
1.63%, 08/15/29 | 77,360,000 | 75,438,088 |
1.75%, 11/15/29 | 47,551,000 | 46,878,599 |
Total Treasuries | ||
(Cost $4,568,437,503) | 4,707,638,872 | |
Security | Number of Shares | Value ($) |
Other Investment Company0.1% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(a) | 4,340,114 | 4,340,114 |
Total Other Investment Company | ||
(Cost $4,340,114) | 4,340,114 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $4,707,638,872 | $— | $4,707,638,872 | |
Other Investment Company1 | 4,340,114 | — | — | 4,340,114 | |
Total | $4,340,114 | $4,707,638,872 | $— | $4,711,978,986 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $4,572,777,617) | $4,711,978,986 | |
Receivables: | ||
Investments sold | 130,203,966 | |
Interest | 24,498,185 | |
Fund shares sold | 8,245,701 | |
Dividends | + | 4,534 |
Total assets | 4,874,931,372 | |
Liabilities | ||
Payables: | ||
Investments bought | 53,763,883 | |
Management fees | 218,628 | |
Fund shares redeemed | + | 85,205,580 |
Total liabilities | 139,188,091 | |
Net Assets | ||
Total assets | 4,874,931,372 | |
Total liabilities | – | 139,188,091 |
Net assets | $4,735,743,281 | |
Net Assets by Source | ||
Capital received from investors | 4,621,473,065 | |
Total distributable earnings | 114,270,216 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$4,735,743,281 | 86,150,000 | $54.97 | ||
Investment Income | ||
Dividends | $81,495 | |
Interest | + | 103,161,241 |
Total investment income | 103,242,736 | |
Expenses | ||
Management fees | 2,548,477 | |
Total expenses | – | 2,548,477 |
Net investment income | 100,694,259 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (2,683,161) | |
Net realized gains on in-kind redemptions | + | 27,383,142 |
Net realized gains | 24,699,981 | |
Net change in unrealized appreciation (depreciation) on investments | + | 127,844,208 |
Net realized and unrealized gains | 152,544,189 | |
Increase in net assets resulting from operations | $253,238,448 |
Operations | ||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||
Net investment income | $100,694,259 | $52,336,541 | ||
Net realized gains (losses) | 24,699,981 | (18,310,161) | ||
Net change in unrealized appreciation (depreciation) | + | 127,844,208 | 32,708,262 | |
Increase in net assets resulting from operations | 253,238,448 | 66,734,642 | ||
Distributions to Shareholders | ||||
Total distributions | ($100,812,255) | ($52,237,145) |
Transactions in Fund Shares | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 46,950,000 | $2,562,077,403 | 49,550,000 | $2,591,430,842 | ||||
Shares redeemed | + | (26,600,000) | (1,459,209,492) | (5,600,000) | (291,186,748) | |||
Net transactions in fund shares | 20,350,000 | $1,102,867,911 | 43,950,000 | $2,300,244,094 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 65,800,000 | $3,480,449,177 | 21,850,000 | $1,165,707,586 | ||||
Total increase | + | 20,350,000 | 1,255,294,104 | 43,950,000 | 2,314,741,591 | |||
End of period | 86,150,000 | $4,735,743,281 | 65,800,000 | $3,480,449,177 |
10/10/191– 12/31/19 | ||||||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.00 | |||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.22 | |||||
Net realized and unrealized gains (losses) | (2.67) | |||||
Total from investment operations | (2.45) | |||||
Less distributions: | ||||||
Distributions from net investment income | (0.21) | |||||
Net asset value at end of period | $47.34 | |||||
Total return | (4.91%)3 | |||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06%4,5 | |||||
Net investment income (loss) | 2.07%4 | |||||
Portfolio turnover rate | 3%3 | |||||
Net assets, end of period (x 1,000) | $18,935 | |||||
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries99.3% of net assets | ||
Bonds | ||
6.25%, 05/15/30 | 90,200 | 126,992 |
5.38%, 02/15/31 | 145,200 | 195,113 |
4.50%, 02/15/36 | 159,200 | 211,462 |
4.75%, 02/15/37 | 54,800 | 75,534 |
5.00%, 05/15/37 | 70,400 | 99,825 |
4.38%, 02/15/38 | 74,200 | 98,883 |
4.50%, 05/15/38 | 84,000 | 113,708 |
3.50%, 02/15/39 | 134,600 | 161,667 |
4.25%, 05/15/39 | 127,600 | 168,263 |
4.50%, 08/15/39 | 136,400 | 185,472 |
4.38%, 11/15/39 | 146,600 | 196,570 |
4.63%, 02/15/40 | 239,800 | 332,179 |
4.38%, 05/15/40 | 200,400 | 269,632 |
3.88%, 08/15/40 | 178,000 | 224,836 |
4.25%, 11/15/40 | 182,200 | 241,671 |
4.75%, 02/15/41 | 207,200 | 292,913 |
4.38%, 05/15/41 | 157,800 | 213,153 |
3.75%, 08/15/41 | 177,000 | 220,254 |
3.13%, 11/15/41 | 160,800 | 182,835 |
3.13%, 02/15/42 | 201,000 | 228,528 |
3.00%, 05/15/42 | 169,200 | 188,671 |
2.75%, 08/15/42 | 258,600 | 276,884 |
2.75%, 11/15/42 | 315,400 | 337,527 |
3.13%, 02/15/43 | 321,000 | 364,962 |
2.88%, 05/15/43 | 454,700 | 496,653 |
3.63%, 08/15/43 | 375,700 | 461,876 |
3.75%, 11/15/43 | 442,700 | 554,966 |
3.63%, 02/15/44 | 455,600 | 561,313 |
3.38%, 05/15/44 | 457,200 | 542,461 |
3.13%, 08/15/44 | 460,600 | 525,408 |
3.00%, 11/15/44 | 460,600 | 514,792 |
2.50%, 02/15/45 | 460,600 | 471,323 |
3.00%, 05/15/45 | 460,600 | 515,620 |
2.88%, 08/15/45 | 460,500 | 504,715 |
3.00%, 11/15/45 | 459,800 | 515,694 |
2.50%, 02/15/46 | 427,200 | 437,313 |
2.50%, 05/15/46 | 427,600 | 437,756 |
2.25%, 08/15/46 | 428,000 | 417,166 |
2.88%, 11/15/46 | 426,000 | 468,600 |
3.00%, 02/15/47 | 427,400 | 481,526 |
3.00%, 05/15/47 | 427,200 | 481,268 |
2.75%, 08/15/47 | 403,600 | 434,059 |
2.75%, 11/15/47 | 404,800 | 435,287 |
3.00%, 02/15/48 | 460,600 | 519,363 |
3.13%, 05/15/48 | 493,400 | 569,761 |
3.00%, 08/15/48 | 526,400 | 594,668 |
3.38%, 11/15/48 | 558,800 | 676,104 |
3.00%, 02/15/49 | 559,200 | 632,639 |
2.88%, 05/15/49 | 557,800 | 616,718 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.25%, 08/15/49 | 559,400 | 544,454 |
2.38%, 11/15/49 | 383,800 | 383,800 |
Total Treasuries | ||
(Cost $19,412,371) | 18,802,837 | |
Security | Number of Shares | Value ($) |
Other Investment Company0.0% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(a) | 420 | 420 |
Total Other Investment Company | ||
(Cost $420) | 420 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $18,802,837 | $— | $18,802,837 | |
Other Investment Company1 | 420 | — | — | 420 | |
Total | $420 | $18,802,837 | $— | $18,803,257 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $19,412,791) | $18,803,257 | |
Receivables: | ||
Investments sold | 174,411 | |
Interest | 132,524 | |
Dividends | + | 16 |
Total assets | 19,110,208 | |
Liabilities | ||
Payables: | ||
Investments bought | 174,344 | |
Management fees | + | 812 |
Total liabilities | 175,156 | |
Net Assets | ||
Total assets | 19,110,208 | |
Total liabilities | – | 175,156 |
Net assets | $18,935,052 | |
Net Assets by Source | ||
Capital received from investors | 19,560,860 | |
Total distributable loss | (625,808) |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$18,935,052 | 400,000 | $47.34 | ||
Investment Income | ||
Dividends | $98 | |
Interest | + | 71,276 |
Total investment income | 71,374 | |
Expenses | ||
Management fees | 1,920 | |
Total expenses | – | 1,920 |
Net investment income | 69,454 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (18,893) | |
Net change in unrealized appreciation (depreciation) on investments | + | (609,534) |
Net realized and unrealized losses | (628,427) | |
Decrease in net assets resulting from operations | ($558,973) |
* | Commencement of operations. |
Operations | ||
10/10/19*-12/31/19 | ||
Net investment income | $69,454 | |
Net realized losses | (18,893) | |
Net change in unrealized appreciation (depreciation) | + | (609,534) |
Decrease in net assets resulting from operations | (558,973) | |
Distributions to Shareholders | ||
Total distributions | ($66,835) |
Transactions in Fund Shares | ||||
10/10/19*-12/31/19 | ||||
SHARES | VALUE | |||
Shares sold | 400,000 | $19,560,860 | ||
Shares redeemed | + | — | — | |
Net transactions in fund shares | 400,000 | $19,560,860 | ||
Shares Outstanding and Net Assets | ||||
10/10/19*-12/31/19 | ||||
SHARES | NET ASSETS | |||
Beginning of period | — | $— | ||
Total increase | + | 400,000 | 18,935,052 | |
End of period | 400,000 | $18,935,052 |
* | Commencement of operations. |
1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.59 | $52.07 | $51.55 | $51.41 | $52.20 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.43 | 1.35 | 1.18 | 1.06 | 1.00 | |
Net realized and unrealized gains (losses) | 2.90 | (1.42) | 0.59 | 0.232 | (0.71) | |
Total from investment operations | 4.33 | (0.07) | 1.77 | 1.29 | 0.29 | |
Less distributions: | ||||||
Distributions from net investment income | (1.49) | (1.41) | (1.25) | (1.15) | (1.08) | |
Net asset value at end of period | $53.43 | $50.59 | $52.07 | $51.55 | $51.41 | |
Total return | 8.64% | (0.09%) | 3.46% | 2.49% | 0.56% | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% | 0.04% | 0.04% | 0.05%3 | 0.05% | |
Net investment income (loss) | 2.71% | 2.67% | 2.26% | 2.01% | 1.92% | |
Portfolio turnover rate4,5 | 63% | 71% | 101% | 119% | 104%6 | |
Net assets, end of period (x 1,000) | $7,383,509 | $5,544,583 | $4,925,693 | $3,309,447 | $2,102,482 | |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Corporates24.9% of net assets | ||
Financial Institutions 7.8% | ||
Banking 5.6% | ||
Ally Financial, Inc. | ||
4.25%, 04/15/21 | 200,000 | 205,088 |
4.13%, 02/13/22 | 200,000 | 206,964 |
4.63%, 05/19/22 | 150,000 | 157,523 |
3.88%, 05/21/24(a) | 250,000 | 262,534 |
5.13%, 09/30/24 | 250,000 | 275,974 |
4.63%, 03/30/25 | 150,000 | 163,552 |
8.00%, 11/01/31 | 150,000 | 206,759 |
8.00%, 11/01/31 | 600,000 | 834,096 |
American Express Co. | ||
3.00%, 02/22/21(a) | 250,000 | 253,064 |
3.38%, 05/17/21(a) | 350,000 | 356,736 |
3.70%, 11/05/21(a) | 250,000 | 257,779 |
2.75%, 05/20/22(a) | 700,000 | 712,932 |
2.50%, 08/01/22(a) | 500,000 | 506,143 |
2.65%, 12/02/22 | 500,000 | 509,855 |
3.40%, 02/27/23(a) | 500,000 | 519,125 |
3.70%, 08/03/23(a) | 350,000 | 369,885 |
3.40%, 02/22/24(a) | 400,000 | 419,194 |
2.50%, 07/30/24(a) | 550,000 | 556,963 |
3.00%, 10/30/24(a) | 750,000 | 776,377 |
4.20%, 11/06/25(a) | 250,000 | 275,945 |
3.13%, 05/20/26(a) | 50,000 | 52,161 |
4.05%, 12/03/42 | 500,000 | 591,757 |
American Express Credit Corp. | ||
2.25%, 05/05/21(a) | 600,000 | 603,006 |
2.70%, 03/03/22(a) | 400,000 | 406,726 |
3.30%, 05/03/27(a) | 750,000 | 802,065 |
Australia & New Zealand Banking Group Ltd. | ||
2.30%, 06/01/21 | 650,000 | 653,786 |
2.63%, 05/19/22 | 650,000 | 660,601 |
2.63%, 11/09/22 | 750,000 | 764,059 |
Banco Santander S.A. | ||
3.50%, 04/11/22 | 200,000 | 205,416 |
3.13%, 02/23/23 | 200,000 | 204,235 |
3.85%, 04/12/23 | 800,000 | 835,164 |
2.71%, 06/27/24 | 200,000 | 202,938 |
5.18%, 11/19/25 | 400,000 | 449,606 |
3.80%, 02/23/28 | 600,000 | 632,718 |
4.38%, 04/12/28 | 200,000 | 219,258 |
3.31%, 06/27/29 | 600,000 | 619,599 |
Bank of America Corp. | ||
5.88%, 01/05/21 | 800,000 | 831,392 |
2.63%, 04/19/21 | 1,250,000 | 1,262,237 |
5.00%, 05/13/21 | 1,900,000 | 1,979,876 |
2.74%, 01/23/22(a)(b) | 500,000 | 503,965 |
3.50%, 05/17/22(a)(b) | 250,000 | 255,178 |
2.50%, 10/21/22(a) | 1,750,000 | 1,768,069 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.30%, 01/11/23 | 2,900,000 | 3,003,066 |
3.12%, 01/20/23(a)(b) | 2,750,000 | 2,805,839 |
4.10%, 07/24/23 | 500,000 | 533,500 |
3.00%, 12/20/23(a)(b) | 500,000 | 512,043 |
4.13%, 01/22/24 | 750,000 | 807,146 |
4.00%, 04/01/24 | 300,000 | 321,531 |
3.86%, 07/23/24(a)(b) | 750,000 | 789,934 |
4.20%, 08/26/24 | 950,000 | 1,021,364 |
4.00%, 01/22/25 | 500,000 | 533,872 |
3.46%, 03/15/25(a)(b) | 575,000 | 600,981 |
3.95%, 04/21/25 | 500,000 | 533,795 |
3.88%, 08/01/25 | 2,500,000 | 2,692,575 |
4.45%, 03/03/26 | 500,000 | 549,227 |
4.25%, 10/22/26 | 550,000 | 600,729 |
3.56%, 04/23/27(a)(b) | 500,000 | 529,042 |
3.25%, 10/21/27(a) | 1,000,000 | 1,044,845 |
4.18%, 11/25/27(a) | 200,000 | 217,247 |
3.71%, 04/24/28(a)(b) | 500,000 | 535,015 |
3.59%, 07/21/28(a)(b) | 850,000 | 904,132 |
3.42%, 12/20/28(a)(b) | 900,000 | 946,611 |
3.97%, 03/05/29(a)(b) | 1,000,000 | 1,090,225 |
4.27%, 07/23/29(a)(b) | 450,000 | 501,071 |
3.97%, 02/07/30(a)(b) | 750,000 | 825,217 |
3.19%, 07/23/30(a)(b) | 750,000 | 777,435 |
2.88%, 10/22/30(a)(b) | 800,000 | 810,208 |
6.11%, 01/29/37 | 650,000 | 880,275 |
4.24%, 04/24/38(a)(b) | 2,000,000 | 2,321,300 |
7.75%, 05/14/38 | 900,000 | 1,423,498 |
4.08%, 04/23/40(a)(b) | 350,000 | 399,046 |
5.88%, 02/07/42 | 500,000 | 712,410 |
5.00%, 01/21/44 | 750,000 | 980,261 |
4.75%, 04/21/45 | 300,000 | 370,692 |
4.44%, 01/20/48(a)(b) | 750,000 | 919,654 |
3.95%, 01/23/49(a)(b) | 400,000 | 458,778 |
4.33%, 03/15/50(a)(b) | 950,000 | 1,146,816 |
Bank of Montreal | ||
3.10%, 04/13/21 | 500,000 | 508,290 |
1.90%, 08/27/21 | 250,000 | 250,493 |
2.90%, 03/26/22 | 450,000 | 458,971 |
2.35%, 09/11/22 | 1,100,000 | 1,115,191 |
2.55%, 11/06/22(a) | 500,000 | 509,545 |
3.30%, 02/05/24 | 500,000 | 521,698 |
2.50%, 06/28/24 | 300,000 | 304,052 |
4.34%, 10/05/28(a)(b) | 150,000 | 158,444 |
3.80%, 12/15/32(a)(b) | 404,000 | 424,065 |
Bank of New York Mellon Corp. | ||
4.15%, 02/01/21 | 500,000 | 512,335 |
2.05%, 05/03/21(a) | 461,000 | 462,713 |
2.60%, 02/07/22(a) | 1,000,000 | 1,016,295 |
1.95%, 08/23/22 | 750,000 | 753,300 |
2.95%, 01/29/23(a) | 500,000 | 515,063 |
2.20%, 08/16/23(a) | 500,000 | 505,583 |
3.25%, 09/11/24(a) | 350,000 | 368,772 |
3.00%, 02/24/25(a) | 250,000 | 260,060 |
3.95%, 11/18/25(a) | 1,000,000 | 1,096,400 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.25%, 05/16/27(a) | 300,000 | 316,769 |
3.44%, 02/07/28(a)(b) | 500,000 | 532,172 |
3.00%, 10/30/28(a) | 500,000 | 515,503 |
Bank of Nova Scotia | ||
2.50%, 01/08/21 | 500,000 | 503,143 |
2.45%, 03/22/21 | 500,000 | 503,638 |
3.13%, 04/20/21 | 750,000 | 762,142 |
2.70%, 03/07/22 | 700,000 | 712,799 |
2.45%, 09/19/22 | 250,000 | 254,169 |
2.00%, 11/15/22 | 200,000 | 200,451 |
2.38%, 01/18/23 | 250,000 | 253,659 |
3.40%, 02/11/24 | 350,000 | 367,197 |
4.50%, 12/16/25 | 300,000 | 330,618 |
2.70%, 08/03/26 | 400,000 | 407,934 |
BankUnited, Inc. | ||
4.88%, 11/17/25(a) | 200,000 | 218,628 |
Barclays Bank PLC | ||
2.65%, 01/11/21(a) | 250,000 | 251,621 |
Barclays PLC | ||
3.25%, 01/12/21 | 1,500,000 | 1,515,960 |
3.68%, 01/10/23(a) | 750,000 | 769,222 |
4.61%, 02/15/23(a)(b) | 250,000 | 261,336 |
4.34%, 05/16/24(a)(b) | 700,000 | 737,894 |
3.65%, 03/16/25 | 1,000,000 | 1,046,500 |
3.93%, 05/07/25(a)(b) | 500,000 | 525,730 |
4.38%, 01/12/26 | 700,000 | 759,433 |
4.97%, 05/16/29(a)(b) | 700,000 | 790,366 |
5.25%, 08/17/45 | 500,000 | 607,915 |
4.95%, 01/10/47 | 500,000 | 591,850 |
BBVA USA | ||
3.50%, 06/11/21(a) | 250,000 | 254,496 |
2.50%, 08/27/24(a) | 250,000 | 248,458 |
3.88%, 04/10/25(a) | 250,000 | 262,631 |
BNP Paribas S.A. | ||
5.00%, 01/15/21 | 600,000 | 619,077 |
3.25%, 03/03/23 | 600,000 | 622,734 |
4.25%, 10/15/24 | 300,000 | 320,975 |
BPCE S.A. | ||
2.65%, 02/03/21 | 500,000 | 503,953 |
4.00%, 04/15/24 | 1,000,000 | 1,073,265 |
Canadian Imperial Bank of Commerce | ||
2.70%, 02/02/21 | 250,000 | 252,148 |
2.55%, 06/16/22 | 250,000 | 254,488 |
2.61%, 07/22/23(a)(b) | 100,000 | 101,126 |
3.50%, 09/13/23 | 750,000 | 788,190 |
3.10%, 04/02/24 | 250,000 | 258,746 |
Capital One Financial Corp. | ||
4.75%, 07/15/21 | 1,050,000 | 1,093,664 |
3.05%, 03/09/22(a) | 500,000 | 511,043 |
3.50%, 06/15/23 | 2,000,000 | 2,087,710 |
3.90%, 01/29/24(a) | 250,000 | 265,641 |
3.20%, 02/05/25(a) | 500,000 | 518,243 |
4.20%, 10/29/25(a) | 750,000 | 810,124 |
3.75%, 07/28/26(a) | 450,000 | 474,401 |
3.75%, 03/09/27(a) | 250,000 | 267,424 |
3.80%, 01/31/28(a) | 400,000 | 430,438 |
Capital One NA | ||
2.25%, 09/13/21(a) | 1,000,000 | 1,004,625 |
CIT Bank NA | ||
2.97%, 09/27/25(a)(b) | 250,000 | 249,733 |
Citibank NA | ||
3.40%, 07/23/21(a) | 500,000 | 510,935 |
2.84%, 05/20/22(a)(b) | 500,000 | 505,855 |
3.65%, 01/23/24(a) | 600,000 | 635,703 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Citigroup, Inc. | ||
2.70%, 03/30/21 | 250,000 | 252,264 |
2.90%, 12/08/21(a) | 1,000,000 | 1,016,550 |
4.50%, 01/14/22 | 1,600,000 | 1,677,600 |
2.75%, 04/25/22(a) | 1,500,000 | 1,524,225 |
2.70%, 10/27/22(a) | 250,000 | 254,271 |
2.31%, 11/04/22(a)(b) | 500,000 | 501,690 |
3.14%, 01/24/23(a)(b) | 1,000,000 | 1,020,415 |
2.88%, 07/24/23(a)(b) | 1,500,000 | 1,525,650 |
3.88%, 10/25/23 | 250,000 | 265,568 |
4.04%, 06/01/24(a)(b) | 350,000 | 370,344 |
3.75%, 06/16/24 | 500,000 | 531,400 |
3.88%, 03/26/25 | 450,000 | 476,885 |
3.35%, 04/24/25(a)(b) | 800,000 | 833,188 |
3.30%, 04/27/25 | 765,000 | 804,172 |
4.40%, 06/10/25 | 750,000 | 816,442 |
5.50%, 09/13/25 | 1,000,000 | 1,145,275 |
3.70%, 01/12/26 | 750,000 | 800,494 |
3.40%, 05/01/26 | 250,000 | 263,128 |
3.20%, 10/21/26(a) | 1,000,000 | 1,038,285 |
4.30%, 11/20/26 | 1,000,000 | 1,089,100 |
4.45%, 09/29/27 | 1,150,000 | 1,268,737 |
3.89%, 01/10/28(a)(b) | 400,000 | 431,332 |
3.67%, 07/24/28(a)(b) | 1,500,000 | 1,599,142 |
4.13%, 07/25/28 | 550,000 | 599,456 |
3.52%, 10/27/28(a)(b) | 500,000 | 527,778 |
4.08%, 04/23/29(a)(b) | 200,000 | 219,579 |
3.98%, 03/20/30(a)(b) | 950,000 | 1,040,079 |
2.98%, 11/05/30(a)(b) | 900,000 | 915,376 |
6.63%, 06/15/32 | 250,000 | 337,504 |
5.88%, 02/22/33 | 150,000 | 188,082 |
3.88%, 01/24/39(a)(b) | 1,500,000 | 1,660,747 |
8.13%, 07/15/39 | 300,000 | 500,051 |
6.68%, 09/13/43 | 200,000 | 293,691 |
5.30%, 05/06/44 | 500,000 | 640,842 |
4.65%, 07/30/45 | 450,000 | 557,327 |
4.75%, 05/18/46 | 600,000 | 721,626 |
4.28%, 04/24/48(a)(b) | 350,000 | 417,251 |
4.65%, 07/23/48(a) | 800,000 | 1,003,856 |
Citizens Bank NA | ||
2.55%, 05/13/21(a) | 250,000 | 251,900 |
3.25%, 02/14/22(a) | 500,000 | 512,265 |
2.65%, 05/26/22(a) | 250,000 | 253,466 |
3.70%, 03/29/23(a) | 250,000 | 261,555 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25(a) | 250,000 | 269,994 |
2.85%, 07/27/26(a) | 150,000 | 152,943 |
Comerica, Inc. | ||
3.70%, 07/31/23(a) | 100,000 | 105,345 |
4.00%, 02/01/29(a) | 600,000 | 656,520 |
Commonwealth Bank of Australia | ||
2.55%, 03/15/21 | 300,000 | 302,451 |
Cooperatieve Rabobank UA | ||
4.50%, 01/11/21 | 350,000 | 359,048 |
2.50%, 01/19/21 | 750,000 | 754,879 |
3.13%, 04/26/21 | 250,000 | 254,016 |
2.75%, 01/10/22 | 500,000 | 508,088 |
3.88%, 02/08/22 | 1,500,000 | 1,559,287 |
2.75%, 01/10/23 | 250,000 | 254,636 |
4.63%, 12/01/23 | 450,000 | 488,275 |
3.38%, 05/21/25 | 750,000 | 796,931 |
4.38%, 08/04/25 | 500,000 | 543,687 |
3.75%, 07/21/26 | 250,000 | 261,129 |
5.25%, 05/24/41 | 600,000 | 822,387 |
5.25%, 08/04/45 | 750,000 | 948,562 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Credit Suisse AG | ||
3.63%, 09/09/24 | 1,050,000 | 1,116,979 |
Credit Suisse Group Funding Guernsey Ltd. | ||
3.45%, 04/16/21 | 900,000 | 915,808 |
3.80%, 09/15/22 | 500,000 | 520,653 |
3.80%, 06/09/23 | 350,000 | 366,699 |
3.75%, 03/26/25 | 1,750,000 | 1,856,592 |
4.55%, 04/17/26 | 1,000,000 | 1,111,080 |
4.88%, 05/15/45 | 500,000 | 632,717 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 250,000 | 368,278 |
Deutsche Bank AG | ||
3.13%, 01/13/21 | 2,000,000 | 2,012,010 |
3.15%, 01/22/21 | 500,000 | 502,385 |
3.30%, 11/16/22 | 500,000 | 505,440 |
3.95%, 02/27/23 | 1,250,000 | 1,283,219 |
3.70%, 05/30/24 | 99,000 | 100,972 |
3.70%, 05/30/24 | 500,000 | 508,080 |
4.10%, 01/13/26 | 200,000 | 203,376 |
Discover Bank | ||
2.45%, 09/12/24(a) | 250,000 | 249,894 |
4.68%, 08/09/28(a)(b) | 250,000 | 262,655 |
4.65%, 09/13/28(a) | 1,000,000 | 1,131,060 |
Discover Financial Services | ||
3.85%, 11/21/22 | 1,500,000 | 1,568,842 |
Fifth Third Bancorp | ||
2.60%, 06/15/22(a) | 450,000 | 455,904 |
4.30%, 01/16/24(a) | 250,000 | 268,883 |
3.65%, 01/25/24(a) | 500,000 | 528,033 |
8.25%, 03/01/38 | 350,000 | 543,436 |
Fifth Third Bank | ||
2.25%, 06/14/21(a) | 750,000 | 754,147 |
3.95%, 07/28/25(a) | 250,000 | 272,154 |
3.85%, 03/15/26(a) | 500,000 | 533,062 |
First Republic Bank | ||
2.50%, 06/06/22(a) | 250,000 | 252,576 |
4.63%, 02/13/47(a) | 250,000 | 285,369 |
Goldman Sachs Capital I | ||
6.35%, 02/15/34 | 350,000 | 457,105 |
Goldman Sachs Group, Inc. | ||
2.88%, 02/25/21(a) | 500,000 | 505,088 |
2.63%, 04/25/21(a) | 750,000 | 756,075 |
5.25%, 07/27/21 | 1,262,000 | 1,324,848 |
2.35%, 11/15/21(a) | 1,500,000 | 1,505,190 |
5.75%, 01/24/22 | 1,100,000 | 1,180,492 |
3.00%, 04/26/22(a) | 1,300,000 | 1,316,295 |
2.88%, 10/31/22(a)(b) | 1,000,000 | 1,013,705 |
3.63%, 01/22/23 | 1,000,000 | 1,042,945 |
3.20%, 02/23/23(a) | 500,000 | 514,575 |
2.91%, 06/05/23(a)(b) | 250,000 | 254,216 |
2.91%, 07/24/23(a)(b) | 1,000,000 | 1,017,795 |
3.63%, 02/20/24(a) | 600,000 | 629,967 |
4.00%, 03/03/24 | 550,000 | 587,196 |
3.85%, 07/08/24(a) | 650,000 | 688,382 |
3.50%, 01/23/25(a) | 1,000,000 | 1,050,415 |
3.75%, 05/22/25(a) | 500,000 | 531,362 |
3.27%, 09/29/25(a)(b) | 800,000 | 829,624 |
4.25%, 10/21/25 | 1,000,000 | 1,087,955 |
3.50%, 11/16/26(a) | 400,000 | 421,236 |
5.95%, 01/15/27 | 265,000 | 316,733 |
3.85%, 01/26/27(a) | 900,000 | 959,089 |
3.69%, 06/05/28(a)(b) | 1,000,000 | 1,064,130 |
3.81%, 04/23/29(a)(b) | 1,100,000 | 1,180,734 |
4.22%, 05/01/29(a)(b) | 1,100,000 | 1,214,053 |
6.45%, 05/01/36 | 500,000 | 669,405 |
6.75%, 10/01/37 | 1,500,000 | 2,081,175 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.41%, 04/23/39(a)(b) | 1,000,000 | 1,139,390 |
6.25%, 02/01/41 | 1,000,000 | 1,407,950 |
4.80%, 07/08/44(a) | 600,000 | 726,240 |
5.15%, 05/22/45 | 600,000 | 741,540 |
4.75%, 10/21/45(a) | 500,000 | 612,912 |
HSBC Bank USA NA | ||
7.00%, 01/15/39 | 250,000 | 364,898 |
HSBC Holdings PLC | ||
3.40%, 03/08/21 | 880,000 | 894,507 |
5.10%, 04/05/21 | 850,000 | 881,871 |
2.95%, 05/25/21 | 1,000,000 | 1,013,070 |
2.65%, 01/05/22 | 1,150,000 | 1,163,691 |
4.00%, 03/30/22 | 500,000 | 521,443 |
3.26%, 03/13/23(a)(b) | 850,000 | 870,090 |
3.60%, 05/25/23 | 200,000 | 208,634 |
4.25%, 03/14/24 | 1,200,000 | 1,275,984 |
3.95%, 05/18/24(a)(b) | 250,000 | 262,821 |
3.80%, 03/11/25(a)(b) | 250,000 | 262,639 |
4.30%, 03/08/26 | 1,850,000 | 2,017,434 |
3.90%, 05/25/26 | 2,200,000 | 2,349,072 |
4.29%, 09/12/26(a)(b) | 1,000,000 | 1,083,775 |
4.38%, 11/23/26 | 500,000 | 541,327 |
4.04%, 03/13/28(a)(b) | 500,000 | 535,002 |
4.58%, 06/19/29(a)(b) | 1,500,000 | 1,675,995 |
3.97%, 05/22/30(a)(b) | 600,000 | 646,812 |
6.50%, 05/02/36 | 650,000 | 886,350 |
6.50%, 09/15/37 | 650,000 | 895,950 |
6.80%, 06/01/38 | 750,000 | 1,069,256 |
5.25%, 03/14/44 | 595,000 | 754,680 |
HSBC USA, Inc. | ||
3.50%, 06/23/24 | 200,000 | 211,861 |
Huntington Bancshares, Inc. | ||
3.15%, 03/14/21(a) | 500,000 | 506,710 |
2.63%, 08/06/24(a) | 250,000 | 253,706 |
4.00%, 05/15/25(a) | 250,000 | 270,821 |
Huntington National Bank | ||
3.25%, 05/14/21(a) | 250,000 | 254,270 |
2.50%, 08/07/22(a) | 250,000 | 253,121 |
3.55%, 10/06/23(a) | 500,000 | 525,465 |
ING Groep N.V. | ||
3.15%, 03/29/22 | 1,000,000 | 1,023,655 |
3.55%, 04/09/24 | 250,000 | 262,215 |
3.95%, 03/29/27 | 500,000 | 538,547 |
4.55%, 10/02/28 | 500,000 | 568,805 |
4.05%, 04/09/29 | 255,000 | 280,635 |
Intesa Sanpaolo S.p.A. | ||
5.25%, 01/12/24 | 200,000 | 216,255 |
JPMorgan Chase & Co. | ||
4.63%, 05/10/21 | 1,500,000 | 1,554,787 |
2.30%, 08/15/21(a) | 750,000 | 752,014 |
4.35%, 08/15/21 | 2,250,000 | 2,337,345 |
4.50%, 01/24/22 | 600,000 | 630,933 |
3.25%, 09/23/22 | 250,000 | 258,649 |
2.97%, 01/15/23(a) | 250,000 | 255,241 |
3.20%, 01/25/23 | 1,291,000 | 1,337,050 |
3.38%, 05/01/23 | 2,000,000 | 2,082,750 |
2.70%, 05/18/23(a) | 250,000 | 255,286 |
3.88%, 02/01/24 | 1,200,000 | 1,284,324 |
3.56%, 04/23/24(a)(b) | 700,000 | 729,865 |
3.63%, 05/13/24 | 500,000 | 530,527 |
3.80%, 07/23/24(a)(b) | 1,500,000 | 1,581,855 |
3.88%, 09/10/24 | 600,000 | 643,119 |
4.02%, 12/05/24(a)(b) | 700,000 | 746,868 |
3.13%, 01/23/25(a) | 1,000,000 | 1,044,385 |
3.22%, 03/01/25(a)(b) | 350,000 | 363,139 |
3.90%, 07/15/25(a) | 200,000 | 216,215 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.30%, 10/15/25(a)(b) | 250,000 | 249,909 |
3.30%, 04/01/26(a) | 1,325,000 | 1,395,304 |
3.20%, 06/15/26(a) | 799,000 | 835,762 |
2.95%, 10/01/26(a) | 725,000 | 748,367 |
4.13%, 12/15/26 | 500,000 | 549,677 |
3.96%, 01/29/27(a)(b) | 200,000 | 217,312 |
4.25%, 10/01/27 | 293,000 | 324,681 |
3.63%, 12/01/27(a) | 500,000 | 528,780 |
3.78%, 02/01/28(a)(b) | 1,600,000 | 1,725,336 |
3.54%, 05/01/28(a)(b) | 1,750,000 | 1,859,252 |
3.51%, 01/23/29(a)(b) | 600,000 | 638,085 |
4.01%, 04/23/29(a)(b) | 750,000 | 825,161 |
4.20%, 07/23/29(a)(b) | 650,000 | 725,933 |
4.45%, 12/05/29(a)(b) | 750,000 | 855,124 |
3.70%, 05/06/30(a)(b) | 700,000 | 755,786 |
2.74%, 10/15/30(a)(b) | 1,200,000 | 1,202,796 |
6.40%, 05/15/38 | 1,150,000 | 1,672,635 |
3.88%, 07/24/38(a)(b) | 750,000 | 833,404 |
5.50%, 10/15/40 | 500,000 | 673,880 |
5.40%, 01/06/42(c) | 600,000 | 809,223 |
5.63%, 08/16/43 | 350,000 | 471,524 |
4.85%, 02/01/44 | 500,000 | 639,995 |
4.95%, 06/01/45 | 400,000 | 509,120 |
4.26%, 02/22/48(a)(b) | 750,000 | 889,024 |
4.03%, 07/24/48(a)(b) | 500,000 | 572,715 |
3.96%, 11/15/48(a)(b) | 1,100,000 | 1,247,460 |
3.90%, 01/23/49(a)(b) | 500,000 | 564,615 |
KeyBank NA | ||
3.30%, 02/01/22 | 350,000 | 359,874 |
2.40%, 06/09/22 | 250,000 | 252,916 |
2.30%, 09/14/22 | 250,000 | 252,739 |
3.38%, 03/07/23 | 250,000 | 260,861 |
KeyCorp | ||
5.10%, 03/24/21 | 250,000 | 259,530 |
4.10%, 04/30/28 | 1,250,000 | 1,375,125 |
2.55%, 10/01/29 | 250,000 | 244,983 |
Lloyds Bank PLC | ||
6.38%, 01/21/21 | 500,000 | 522,910 |
3.30%, 05/07/21 | 250,000 | 254,656 |
Lloyds Banking Group PLC | ||
3.10%, 07/06/21 | 1,250,000 | 1,270,075 |
3.00%, 01/11/22 | 250,000 | 254,089 |
2.86%, 03/17/23(a)(b) | 450,000 | 455,882 |
4.05%, 08/16/23 | 250,000 | 264,745 |
2.91%, 11/07/23(a)(b) | 250,000 | 253,849 |
4.50%, 11/04/24 | 1,000,000 | 1,071,665 |
4.65%, 03/24/26 | 1,500,000 | 1,633,372 |
3.75%, 01/11/27 | 400,000 | 421,182 |
4.38%, 03/22/28 | 1,500,000 | 1,658,542 |
3.57%, 11/07/28(a)(b) | 250,000 | 260,986 |
4.34%, 01/09/48 | 600,000 | 651,384 |
Manufacturers & Traders Trust Co. | ||
2.63%, 01/25/21(a) | 250,000 | 251,844 |
2.50%, 05/18/22(a) | 500,000 | 506,173 |
2.90%, 02/06/25(a) | 250,000 | 257,615 |
Mitsubishi UFJ Financial Group, Inc. | ||
2.95%, 03/01/21 | 1,150,000 | 1,163,518 |
2.19%, 09/13/21 | 2,500,000 | 2,506,762 |
2.62%, 07/18/22 | 700,000 | 708,624 |
3.46%, 03/02/23 | 377,000 | 390,391 |
3.76%, 07/26/23 | 250,000 | 263,208 |
3.41%, 03/07/24 | 500,000 | 522,073 |
2.80%, 07/18/24 | 300,000 | 306,116 |
3.78%, 03/02/25 | 250,000 | 266,744 |
3.85%, 03/01/26 | 750,000 | 806,606 |
3.68%, 02/22/27 | 200,000 | 212,591 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.29%, 07/25/27 | 1,100,000 | 1,145,309 |
3.96%, 03/02/28 | 250,000 | 272,253 |
3.74%, 03/07/29 | 1,000,000 | 1,080,525 |
3.20%, 07/18/29 | 550,000 | 569,877 |
4.29%, 07/26/38 | 300,000 | 346,475 |
4.15%, 03/07/39 | 150,000 | 171,242 |
3.75%, 07/18/39 | 500,000 | 548,455 |
Mizuho Financial Group, Inc. | ||
2.95%, 02/28/22 | 700,000 | 712,967 |
2.60%, 09/11/22 | 750,000 | 760,147 |
3.55%, 03/05/23 | 250,000 | 259,800 |
2.72%, 07/16/23(a)(b) | 300,000 | 303,431 |
3.92%, 09/11/24(a)(b) | 250,000 | 262,750 |
3.66%, 02/28/27 | 600,000 | 636,417 |
3.17%, 09/11/27 | 700,000 | 720,930 |
4.25%, 09/11/29(a)(b) | 500,000 | 553,562 |
3.15%, 07/16/30(a)(b) | 250,000 | 255,534 |
2.87%, 09/13/30(a)(b) | 200,000 | 199,865 |
Morgan Stanley | ||
5.75%, 01/25/21 | 750,000 | 779,381 |
5.50%, 07/28/21 | 750,000 | 790,162 |
2.63%, 11/17/21 | 1,250,000 | 1,264,912 |
2.75%, 05/19/22 | 400,000 | 407,042 |
4.88%, 11/01/22 | 1,000,000 | 1,072,890 |
3.13%, 01/23/23 | 1,650,000 | 1,696,464 |
3.75%, 02/25/23 | 500,000 | 524,065 |
4.10%, 05/22/23 | 750,000 | 791,947 |
3.74%, 04/24/24(a)(b) | 1,000,000 | 1,045,115 |
3.88%, 04/29/24 | 1,000,000 | 1,064,280 |
3.70%, 10/23/24 | 750,000 | 797,115 |
4.00%, 07/23/25 | 2,250,000 | 2,437,807 |
5.00%, 11/24/25 | 1,000,000 | 1,127,915 |
3.88%, 01/27/26 | 200,000 | 215,260 |
3.13%, 07/27/26 | 700,000 | 724,377 |
6.25%, 08/09/26 | 100,000 | 122,093 |
4.35%, 09/08/26 | 1,350,000 | 1,477,433 |
3.63%, 01/20/27 | 1,000,000 | 1,066,645 |
3.59%, 07/22/28(a)(b) | 1,250,000 | 1,330,169 |
3.77%, 01/24/29(a)(b) | 850,000 | 916,155 |
4.43%, 01/23/30(a)(b) | 1,150,000 | 1,301,277 |
7.25%, 04/01/32 | 500,000 | 721,860 |
3.97%, 07/22/38(a)(b) | 250,000 | 279,174 |
4.46%, 04/22/39(a)(b) | 250,000 | 295,250 |
6.38%, 07/24/42 | 600,000 | 885,288 |
4.30%, 01/27/45 | 1,000,000 | 1,184,620 |
4.38%, 01/22/47 | 700,000 | 840,791 |
MUFG Union Bank NA | ||
3.15%, 04/01/22(a) | 250,000 | 255,990 |
National Australia Bank Ltd. | ||
1.88%, 07/12/21 | 600,000 | 600,210 |
2.50%, 05/22/22 | 750,000 | 759,637 |
3.00%, 01/20/23 | 250,000 | 256,791 |
2.88%, 04/12/23 | 500,000 | 512,233 |
3.63%, 06/20/23 | 250,000 | 262,708 |
3.38%, 01/14/26 | 750,000 | 789,697 |
2.50%, 07/12/26 | 250,000 | 250,464 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 500,000 | 545,430 |
3.65%, 08/03/28(a) | 250,000 | 274,121 |
3.15%, 05/03/29(a) | 250,000 | 264,318 |
People's United Financial, Inc. | ||
3.65%, 12/06/22(a) | 165,000 | 171,711 |
PNC Bank NA | ||
2.50%, 01/22/21(a) | 250,000 | 251,675 |
2.15%, 04/29/21(a) | 500,000 | 501,810 |
2.55%, 12/09/21(a) | 750,000 | 759,611 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.63%, 02/17/22(a) | 350,000 | 355,164 |
2.23%, 07/22/22(a)(b) | 250,000 | 250,918 |
2.95%, 01/30/23(a) | 1,000,000 | 1,023,360 |
3.50%, 06/08/23(a) | 250,000 | 262,210 |
3.80%, 07/25/23(a) | 750,000 | 788,602 |
3.30%, 10/30/24(a) | 250,000 | 263,286 |
3.25%, 06/01/25(a) | 250,000 | 262,719 |
3.10%, 10/25/27(a) | 300,000 | 314,069 |
4.05%, 07/26/28 | 1,000,000 | 1,100,980 |
PNC Financial Services Group, Inc. | ||
3.30%, 03/08/22(a) | 250,000 | 256,906 |
3.50%, 01/23/24(a) | 450,000 | 475,038 |
2.20%, 11/01/24(a) | 300,000 | 301,218 |
3.45%, 04/23/29(a) | 500,000 | 535,365 |
Regions Bank | ||
2.75%, 04/01/21(a) | 250,000 | 252,100 |
6.45%, 06/26/37 | 250,000 | 328,306 |
Regions Financial Corp. | ||
2.75%, 08/14/22(a) | 750,000 | 763,440 |
Royal Bank of Canada | ||
2.50%, 01/19/21 | 500,000 | 503,510 |
3.20%, 04/30/21 | 750,000 | 763,507 |
2.75%, 02/01/22 | 1,250,000 | 1,273,594 |
3.70%, 10/05/23 | 250,000 | 264,609 |
2.55%, 07/16/24 | 300,000 | 304,838 |
2.25%, 11/01/24 | 200,000 | 200,932 |
4.65%, 01/27/26 | 250,000 | 277,641 |
Royal Bank of Scotland Group PLC | ||
6.13%, 12/15/22 | 1,500,000 | 1,642,462 |
3.50%, 05/15/23(a)(b) | 500,000 | 512,498 |
3.88%, 09/12/23 | 250,000 | 261,915 |
5.13%, 05/28/24 | 1,250,000 | 1,359,156 |
4.52%, 06/25/24(a)(b) | 350,000 | 371,833 |
4.27%, 03/22/25(a)(b) | 700,000 | 743,939 |
4.80%, 04/05/26 | 800,000 | 890,176 |
4.89%, 05/18/29(a)(b) | 1,000,000 | 1,130,880 |
5.08%, 01/27/30(a)(b) | 250,000 | 288,016 |
4.45%, 05/08/30(a)(b) | 250,000 | 276,776 |
Santander Holdings USA, Inc. | ||
3.70%, 03/28/22(a) | 1,000,000 | 1,028,865 |
3.40%, 01/18/23(a) | 100,000 | 102,628 |
4.50%, 07/17/25(a) | 500,000 | 540,030 |
4.40%, 07/13/27(a) | 500,000 | 541,165 |
Santander UK Group Holdings PLC | ||
3.37%, 01/05/24(a)(b) | 2,500,000 | 2,558,950 |
Santander UK PLC | ||
3.40%, 06/01/21 | 600,000 | 612,273 |
4.00%, 03/13/24 | 350,000 | 373,867 |
Skandinaviska Enskilda Banken AB | ||
2.63%, 03/15/21 | 400,000 | 403,100 |
1.88%, 09/13/21 | 500,000 | 498,725 |
State Street Corp. | ||
4.38%, 03/07/21 | 250,000 | 257,583 |
3.10%, 05/15/23 | 250,000 | 258,146 |
3.70%, 11/20/23 | 250,000 | 266,788 |
3.78%, 12/03/24(a)(b) | 250,000 | 264,750 |
3.30%, 12/16/24 | 500,000 | 527,928 |
3.55%, 08/18/25 | 571,000 | 615,518 |
2.35%, 11/01/25(a)(b) | 300,000 | 301,013 |
2.65%, 05/19/26 | 250,000 | 254,765 |
4.14%, 12/03/29(a)(b) | 500,000 | 561,992 |
Sumitomo Mitsui Banking Corp. | ||
3.40%, 07/11/24 | 500,000 | 523,610 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Sumitomo Mitsui Financial Group, Inc. | ||
2.93%, 03/09/21 | 2,150,000 | 2,175,402 |
2.85%, 01/11/22 | 500,000 | 508,395 |
2.78%, 07/12/22 | 350,000 | 356,288 |
3.10%, 01/17/23 | 1,000,000 | 1,026,705 |
3.94%, 10/16/23 | 250,000 | 264,980 |
2.70%, 07/16/24 | 650,000 | 659,877 |
3.78%, 03/09/26 | 450,000 | 480,623 |
2.63%, 07/14/26 | 1,350,000 | 1,353,469 |
3.01%, 10/19/26 | 1,000,000 | 1,024,890 |
3.45%, 01/11/27 | 300,000 | 314,592 |
3.36%, 07/12/27 | 350,000 | 365,859 |
3.94%, 07/19/28 | 250,000 | 272,943 |
4.31%, 10/16/28 | 150,000 | 167,810 |
3.04%, 07/16/29 | 1,150,000 | 1,175,996 |
2.72%, 09/27/29 | 200,000 | 199,253 |
Svenska Handelsbanken AB | ||
2.45%, 03/30/21 | 500,000 | 503,520 |
3.35%, 05/24/21 | 500,000 | 510,093 |
3.90%, 11/20/23 | 650,000 | 696,374 |
Synchrony Bank | ||
3.65%, 05/24/21(a) | 300,000 | 306,321 |
3.00%, 06/15/22(a) | 750,000 | 764,790 |
Synchrony Financial | ||
4.38%, 03/19/24(a) | 158,000 | 168,603 |
4.25%, 08/15/24(a) | 250,000 | 267,506 |
3.95%, 12/01/27(a) | 750,000 | 792,259 |
5.15%, 03/19/29(a) | 350,000 | 398,290 |
Synovus Financial Corp. | ||
3.13%, 11/01/22(a) | 250,000 | 254,024 |
Toronto-Dominion Bank | ||
2.13%, 04/07/21 | 350,000 | 351,587 |
3.25%, 06/11/21 | 500,000 | 510,680 |
1.80%, 07/13/21 | 350,000 | 350,494 |
1.90%, 12/01/22 | 450,000 | 450,608 |
3.50%, 07/19/23 | 1,500,000 | 1,578,952 |
3.25%, 03/11/24 | 300,000 | 314,247 |
2.65%, 06/12/24 | 500,000 | 512,150 |
Truist Bank | ||
2.63%, 01/15/22(a) | 250,000 | 253,450 |
2.80%, 05/17/22(a) | 555,000 | 566,000 |
2.45%, 08/01/22(a) | 500,000 | 506,543 |
3.00%, 02/02/23(a) | 150,000 | 153,962 |
2.75%, 05/01/23(a) | 200,000 | 203,803 |
3.20%, 04/01/24(a) | 350,000 | 364,469 |
3.69%, 08/02/24(a)(b) | 500,000 | 524,828 |
2.15%, 12/06/24(a) | 250,000 | 249,906 |
3.63%, 09/16/25(a) | 1,000,000 | 1,065,880 |
3.80%, 10/30/26(a) | 500,000 | 537,805 |
Truist Financial Corp. | ||
2.90%, 03/03/21(a) | 200,000 | 202,109 |
2.05%, 05/10/21(a) | 300,000 | 300,647 |
3.20%, 09/03/21(a) | 750,000 | 765,532 |
3.95%, 03/22/22(a) | 100,000 | 103,902 |
2.75%, 04/01/22(a) | 300,000 | 305,423 |
2.20%, 03/16/23(a) | 600,000 | 604,224 |
3.75%, 12/06/23(a) | 1,000,000 | 1,061,460 |
4.00%, 05/01/25(a) | 750,000 | 813,765 |
3.70%, 06/05/25(a) | 230,000 | 248,049 |
US Bancorp | ||
4.13%, 05/24/21(a) | 250,000 | 257,635 |
3.00%, 03/15/22(a) | 600,000 | 613,938 |
2.95%, 07/15/22(a) | 1,500,000 | 1,538,617 |
3.70%, 01/30/24(a) | 250,000 | 266,618 |
3.38%, 02/05/24(a) | 450,000 | 472,871 |
2.40%, 07/30/24(a) | 400,000 | 405,840 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.60%, 09/11/24(a) | 1,000,000 | 1,065,385 |
3.15%, 04/27/27(a) | 500,000 | 525,813 |
3.90%, 04/26/28(a) | 1,000,000 | 1,125,440 |
3.00%, 07/30/29(a) | 250,000 | 257,101 |
US Bank NA | ||
3.00%, 02/04/21(a) | 250,000 | 253,025 |
3.15%, 04/26/21(a) | 250,000 | 254,060 |
2.85%, 01/23/23(a) | 250,000 | 256,203 |
2.80%, 01/27/25(a) | 500,000 | 517,853 |
Wachovia Corp. | ||
5.50%, 08/01/35 | 750,000 | 956,512 |
Webster Financial Corp. | ||
4.10%, 03/25/29(a) | 100,000 | 106,202 |
Wells Fargo & Co. | ||
3.00%, 01/22/21 | 250,000 | 252,926 |
2.50%, 03/04/21 | 750,000 | 755,411 |
4.60%, 04/01/21 | 1,100,000 | 1,136,168 |
2.10%, 07/26/21 | 2,100,000 | 2,106,751 |
3.50%, 03/08/22 | 750,000 | 774,236 |
2.63%, 07/22/22 | 1,750,000 | 1,778,674 |
3.07%, 01/24/23(a) | 1,150,000 | 1,173,920 |
3.45%, 02/13/23 | 600,000 | 621,753 |
4.48%, 01/16/24 | 250,000 | 270,466 |
3.75%, 01/24/24(a) | 1,000,000 | 1,058,300 |
3.30%, 09/09/24 | 900,000 | 945,018 |
3.00%, 02/19/25 | 400,000 | 413,050 |
3.55%, 09/29/25 | 750,000 | 795,757 |
2.41%, 10/30/25(a)(b) | 750,000 | 751,076 |
3.00%, 04/22/26 | 1,250,000 | 1,286,200 |
4.10%, 06/03/26 | 2,000,000 | 2,156,050 |
3.00%, 10/23/26 | 1,100,000 | 1,130,129 |
3.20%, 06/17/27(a)(b) | 750,000 | 778,650 |
4.30%, 07/22/27 | 1,000,000 | 1,096,455 |
3.58%, 05/22/28(a)(b) | 450,000 | 478,865 |
4.15%, 01/24/29(a) | 750,000 | 838,526 |
2.88%, 10/30/30(a)(b) | 1,200,000 | 1,210,866 |
5.38%, 02/07/35 | 1,000,000 | 1,292,155 |
5.38%, 11/02/43 | 400,000 | 516,396 |
5.61%, 01/15/44 | 800,000 | 1,055,716 |
4.65%, 11/04/44 | 1,250,000 | 1,477,231 |
3.90%, 05/01/45 | 500,000 | 569,455 |
4.90%, 11/17/45 | 400,000 | 491,142 |
4.40%, 06/14/46 | 600,000 | 690,552 |
4.75%, 12/07/46 | 800,000 | 966,408 |
Wells Fargo Bank NA | ||
3.63%, 10/22/21(a) | 250,000 | 257,469 |
2.08%, 09/09/22(a)(b) | 500,000 | 500,763 |
3.55%, 08/14/23(a) | 950,000 | 996,151 |
Westpac Banking Corp. | ||
2.00%, 08/19/21 | 750,000 | 751,312 |
2.80%, 01/11/22 | 250,000 | 254,156 |
2.50%, 06/28/22 | 250,000 | 253,113 |
2.75%, 01/11/23 | 1,250,000 | 1,274,469 |
3.65%, 05/15/23 | 250,000 | 262,440 |
2.35%, 02/19/25 | 250,000 | 250,930 |
2.85%, 05/13/26 | 600,000 | 614,619 |
2.70%, 08/19/26 | 450,000 | 455,402 |
3.35%, 03/08/27 | 450,000 | 475,382 |
3.40%, 01/25/28 | 350,000 | 372,190 |
4.32%, 11/23/31(a)(b) | 500,000 | 529,265 |
4.11%, 07/24/34(a)(b) | 400,000 | 420,550 |
4.42%, 07/24/39 | 300,000 | 330,269 |
Zions Bancorp NA | ||
3.50%, 08/27/21 | 250,000 | 255,839 |
3.35%, 03/04/22(a) | 250,000 | 256,511 |
409,295,193 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Brokerage/Asset Managers/Exchanges 0.2% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 250,000 | 268,073 |
Ameriprise Financial, Inc. | ||
3.70%, 10/15/24 | 475,000 | 509,176 |
2.88%, 09/15/26(a) | 250,000 | 257,495 |
BGC Partners, Inc. | ||
5.38%, 07/24/23 | 200,000 | 214,227 |
BlackRock, Inc. | ||
4.25%, 05/24/21 | 200,000 | 206,772 |
3.50%, 03/18/24 | 1,250,000 | 1,332,381 |
3.25%, 04/30/29(a) | 200,000 | 214,988 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24(a) | 250,000 | 268,446 |
3.90%, 01/25/28(a) | 500,000 | 539,005 |
4.85%, 03/29/29(a) | 250,000 | 288,463 |
4.70%, 09/20/47(a) | 300,000 | 348,519 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27(a) | 200,000 | 216,822 |
Charles Schwab Corp. | ||
3.25%, 05/21/21(a)(d) | 200,000 | 203,859 |
3.20%, 01/25/28(a)(d) | 450,000 | 476,293 |
CME Group, Inc. | ||
3.00%, 03/15/25(a) | 850,000 | 885,194 |
5.30%, 09/15/43(a) | 500,000 | 673,135 |
4.15%, 06/15/48(a) | 200,000 | 240,522 |
E*TRADE Financial Corp. | ||
2.95%, 08/24/22(a) | 200,000 | 204,061 |
4.50%, 06/20/28(a) | 250,000 | 273,733 |
Eaton Vance Corp. | ||
3.50%, 04/06/27(a) | 123,000 | 129,793 |
Intercontinental Exchange, Inc. | ||
3.45%, 09/21/23(a) | 150,000 | 157,519 |
4.00%, 10/15/23 | 500,000 | 534,632 |
3.75%, 09/21/28(a) | 500,000 | 547,975 |
4.25%, 09/21/48(a) | 350,000 | 415,327 |
Invesco Finance PLC | ||
3.13%, 11/30/22 | 100,000 | 102,841 |
3.75%, 01/15/26 | 650,000 | 694,661 |
Jefferies Group LLC | ||
6.88%, 04/15/21 | 250,000 | 264,355 |
5.13%, 01/20/23 | 700,000 | 758,019 |
6.25%, 01/15/36 | 150,000 | 178,624 |
6.50%, 01/20/43 | 150,000 | 180,853 |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.85%, 01/15/27 | 700,000 | 774,522 |
Lazard Group LLC | ||
3.63%, 03/01/27(a) | 200,000 | 207,112 |
4.50%, 09/19/28(a) | 250,000 | 278,169 |
4.38%, 03/11/29(a) | 150,000 | 164,288 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 250,000 | 274,829 |
5.63%, 01/15/44 | 176,000 | 202,978 |
Nasdaq, Inc. | ||
3.85%, 06/30/26(a) | 300,000 | 322,577 |
Raymond James Financial, Inc. | ||
3.63%, 09/15/26 | 200,000 | 212,255 |
4.95%, 07/15/46 | 400,000 | 475,364 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 100,000 | 105,817 |
TD Ameritrade Holding Corp. | ||
2.95%, 04/01/22(a) | 300,000 | 306,897 |
3.75%, 04/01/24(a) | 200,000 | 212,632 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.30%, 04/01/27(a) | 450,000 | 472,261 |
2.75%, 10/01/29(a) | 150,000 | 151,634 |
15,747,098 | ||
Finance Companies 0.2% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.50%, 05/15/21 | 650,000 | 671,648 |
5.00%, 10/01/21 | 250,000 | 261,982 |
3.95%, 02/01/22(a) | 950,000 | 981,754 |
4.63%, 07/01/22 | 150,000 | 158,535 |
3.30%, 01/23/23(a) | 250,000 | 256,314 |
4.88%, 01/16/24(a) | 250,000 | 271,514 |
4.45%, 04/03/26(a) | 150,000 | 161,110 |
3.65%, 07/21/27(a) | 1,050,000 | 1,082,891 |
Air Lease Corp. | ||
2.50%, 03/01/21 | 350,000 | 351,701 |
3.38%, 06/01/21(a) | 400,000 | 406,798 |
3.50%, 01/15/22 | 250,000 | 257,290 |
3.75%, 02/01/22(a) | 250,000 | 257,694 |
2.25%, 01/15/23 | 200,000 | 200,549 |
2.75%, 01/15/23(a) | 250,000 | 253,424 |
4.25%, 09/15/24(a) | 750,000 | 805,222 |
3.25%, 03/01/25(a) | 200,000 | 206,220 |
3.75%, 06/01/26(a) | 250,000 | 261,810 |
3.63%, 04/01/27(a) | 800,000 | 832,128 |
3.25%, 10/01/29(a) | 150,000 | 149,741 |
Aircastle Ltd. | ||
5.50%, 02/15/22 | 250,000 | 265,799 |
5.00%, 04/01/23 | 250,000 | 267,334 |
4.40%, 09/25/23(a) | 250,000 | 264,995 |
4.13%, 05/01/24(a) | 300,000 | 316,975 |
4.25%, 06/15/26(a) | 200,000 | 211,404 |
GATX Corp. | ||
4.35%, 02/15/24(a) | 100,000 | 106,647 |
3.50%, 03/15/28(a) | 100,000 | 102,262 |
4.55%, 11/07/28(a) | 200,000 | 218,586 |
4.70%, 04/01/29(a) | 405,000 | 452,673 |
5.20%, 03/15/44(a) | 250,000 | 293,852 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 1,250,000 | 1,302,631 |
4.42%, 11/15/35 | 2,800,000 | 2,992,724 |
International Lease Finance Corp. | ||
4.63%, 04/15/21 | 500,000 | 515,772 |
5.88%, 08/15/22 | 250,000 | 272,606 |
Owl Rock Capital Corp. | ||
4.00%, 03/30/25(a) | 250,000 | 251,184 |
15,663,769 | ||
Financial Other 0.0% | ||
CME Group, Inc. | ||
3.00%, 09/15/22 | 200,000 | 205,893 |
ORIX Corp. | ||
2.90%, 07/18/22 | 540,000 | 550,138 |
4.05%, 01/16/24 | 150,000 | 159,694 |
3.70%, 07/18/27 | 72,000 | 76,361 |
992,086 | ||
Insurance 1.1% | ||
ACE Capital Trust II | ||
9.70%, 04/01/30 | 100,000 | 150,851 |
Aegon | ||
5.50%, 04/11/48(a)(b) | 250,000 | 270,989 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Aetna, Inc. | ||
2.75%, 11/15/22(a) | 250,000 | 254,171 |
3.50%, 11/15/24(a) | 1,000,000 | 1,048,550 |
6.75%, 12/15/37 | 250,000 | 338,291 |
4.50%, 05/15/42(a) | 400,000 | 431,794 |
4.75%, 03/15/44(a) | 300,000 | 334,992 |
Aflac, Inc. | ||
3.63%, 06/15/23 | 700,000 | 737,163 |
3.63%, 11/15/24 | 150,000 | 160,592 |
4.75%, 01/15/49(a) | 250,000 | 305,600 |
Alleghany Corp. | ||
4.95%, 06/27/22 | 350,000 | 373,816 |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25(a) | 300,000 | 317,578 |
Allstate Corp. | ||
3.15%, 06/15/23 | 450,000 | 468,279 |
3.28%, 12/15/26(a) | 250,000 | 264,575 |
5.35%, 06/01/33 | 79,000 | 99,527 |
4.50%, 06/15/43 | 550,000 | 662,860 |
4.20%, 12/15/46(a) | 226,000 | 264,693 |
3.85%, 08/10/49(a) | 250,000 | 280,770 |
6.50%, 05/15/67(a)(b) | 50,000 | 62,350 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27(a) | 100,000 | 107,461 |
American Financial Group, Inc. | ||
4.50%, 06/15/47(a) | 350,000 | 382,909 |
American International Group, Inc. | ||
3.30%, 03/01/21(a) | 700,000 | 710,482 |
4.88%, 06/01/22 | 350,000 | 373,859 |
4.13%, 02/15/24 | 250,000 | 268,986 |
3.75%, 07/10/25(a) | 500,000 | 535,872 |
3.90%, 04/01/26(a) | 490,000 | 525,826 |
4.20%, 04/01/28(a) | 400,000 | 441,368 |
3.88%, 01/15/35(a) | 250,000 | 266,458 |
4.50%, 07/16/44(a) | 700,000 | 809,179 |
4.80%, 07/10/45(a) | 500,000 | 602,037 |
4.75%, 04/01/48(a) | 250,000 | 303,063 |
5.75%, 04/01/48(a)(b) | 250,000 | 274,764 |
4.38%, 01/15/55(a) | 750,000 | 829,586 |
Anthem, Inc. | ||
3.13%, 05/15/22 | 250,000 | 256,513 |
2.95%, 12/01/22(a) | 750,000 | 768,641 |
3.30%, 01/15/23 | 750,000 | 776,389 |
3.50%, 08/15/24(a) | 350,000 | 367,166 |
3.35%, 12/01/24(a) | 150,000 | 156,768 |
4.10%, 03/01/28(a) | 250,000 | 272,126 |
2.88%, 09/15/29(a) | 350,000 | 350,140 |
4.63%, 05/15/42 | 750,000 | 846,945 |
4.65%, 01/15/43 | 600,000 | 679,986 |
5.10%, 01/15/44 | 50,000 | 59,548 |
4.65%, 08/15/44(a) | 500,000 | 566,130 |
4.38%, 12/01/47(a) | 250,000 | 275,705 |
4.55%, 03/01/48(a) | 150,000 | 170,012 |
3.70%, 09/15/49(a) | 250,000 | 249,963 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 128,109 |
3.75%, 05/02/29(a) | 100,000 | 107,149 |
Aon PLC | ||
4.00%, 11/27/23(a) | 500,000 | 529,337 |
3.50%, 06/14/24(a) | 500,000 | 524,267 |
3.88%, 12/15/25(a) | 500,000 | 538,977 |
4.60%, 06/14/44(a) | 100,000 | 116,284 |
4.75%, 05/15/45(a) | 250,000 | 295,858 |
Arch Capital Finance LLC | ||
5.03%, 12/15/46(a) | 500,000 | 626,072 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Assurant, Inc. | ||
4.90%, 03/27/28(a) | 150,000 | 164,938 |
3.70%, 02/22/30(a) | 100,000 | 101,704 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 200,000 | 222,964 |
Athene Holding Ltd. | ||
4.13%, 01/12/28(a) | 300,000 | 310,164 |
AXA Equitable Holdings, Inc. | ||
3.90%, 04/20/23(a) | 250,000 | 262,520 |
4.35%, 04/20/28(a) | 550,000 | 595,831 |
5.00%, 04/20/48(a) | 500,000 | 539,617 |
AXA S.A. | ||
8.60%, 12/15/30 | 250,000 | 365,469 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29(a) | 350,000 | 369,619 |
Berkshire Hathaway Finance Corp. | ||
3.00%, 05/15/22 | 250,000 | 257,224 |
5.75%, 01/15/40 | 100,000 | 139,126 |
4.40%, 05/15/42 | 350,000 | 415,359 |
4.30%, 05/15/43 | 450,000 | 524,479 |
4.20%, 08/15/48(a) | 750,000 | 887,261 |
4.25%, 01/15/49(a) | 600,000 | 716,295 |
Berkshire Hathaway, Inc. | ||
3.00%, 02/11/23 | 250,000 | 259,105 |
2.75%, 03/15/23(a) | 700,000 | 719,701 |
3.13%, 03/15/26(a) | 1,750,000 | 1,850,817 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27(a) | 500,000 | 498,910 |
4.70%, 06/22/47(a) | 435,000 | 403,817 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24(a) | 295,000 | 318,590 |
Chubb Corp. | ||
6.00%, 05/11/37 | 250,000 | 348,219 |
6.50%, 05/15/38 | 160,000 | 235,622 |
Chubb INA Holdings, Inc. | ||
2.88%, 11/03/22(a) | 500,000 | 513,157 |
2.70%, 03/13/23 | 250,000 | 255,240 |
3.15%, 03/15/25 | 400,000 | 421,494 |
3.35%, 05/03/26(a) | 500,000 | 532,550 |
4.35%, 11/03/45(a) | 750,000 | 913,950 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 350,000 | 453,981 |
CNA Financial Corp. | ||
5.75%, 08/15/21 | 250,000 | 264,839 |
4.50%, 03/01/26(a) | 350,000 | 385,143 |
3.45%, 08/15/27(a) | 150,000 | 156,236 |
3.90%, 05/01/29(a) | 150,000 | 161,534 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29(a) | 400,000 | 450,896 |
Enstar Group Ltd. | ||
4.95%, 06/01/29(a) | 150,000 | 161,664 |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 115,000 | 129,424 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28(a) | 150,000 | 163,729 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28(a) | 150,000 | 163,533 |
Globe Life, Inc. | ||
4.55%, 09/15/28(a) | 250,000 | 279,156 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29(a) | 200,000 | 202,880 |
5.95%, 10/15/36 | 300,000 | 393,028 |
6.10%, 10/01/41 | 150,000 | 206,810 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.40%, 03/15/48(a) | 150,000 | 173,701 |
3.60%, 08/19/49(a) | 350,000 | 363,305 |
Humana, Inc. | ||
3.85%, 10/01/24(a) | 600,000 | 639,654 |
3.13%, 08/15/29(a) | 200,000 | 204,081 |
4.95%, 10/01/44(a) | 250,000 | 296,490 |
4.80%, 03/15/47(a) | 250,000 | 293,673 |
3.95%, 08/15/49(a) | 150,000 | 157,435 |
Lincoln National Corp. | ||
3.80%, 03/01/28(a) | 750,000 | 800,929 |
3.05%, 01/15/30(a) | 200,000 | 202,671 |
7.00%, 06/15/40 | 150,000 | 215,300 |
4.35%, 03/01/48(a) | 150,000 | 165,653 |
Loews Corp. | ||
2.63%, 05/15/23(a) | 350,000 | 357,208 |
3.75%, 04/01/26(a) | 250,000 | 268,518 |
4.13%, 05/15/43(a) | 100,000 | 110,726 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 350,000 | 385,371 |
4.06%, 02/24/32(a)(b) | 250,000 | 259,034 |
5.38%, 03/04/46 | 300,000 | 399,507 |
Markel Corp. | ||
3.50%, 11/01/27(a) | 500,000 | 517,922 |
3.35%, 09/17/29(a) | 100,000 | 102,653 |
5.00%, 04/05/46 | 75,000 | 87,147 |
4.30%, 11/01/47(a) | 50,000 | 52,339 |
5.00%, 05/20/49(a) | 200,000 | 233,336 |
4.15%, 09/17/50(a) | 150,000 | 155,226 |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24(a) | 250,000 | 267,109 |
3.50%, 06/03/24(a) | 500,000 | 524,967 |
3.75%, 03/14/26(a) | 250,000 | 268,346 |
4.38%, 03/15/29(a) | 500,000 | 571,225 |
4.75%, 03/15/39(a) | 250,000 | 303,525 |
4.35%, 01/30/47(a) | 150,000 | 173,798 |
4.20%, 03/01/48(a) | 100,000 | 113,822 |
4.90%, 03/15/49(a) | 500,000 | 636,405 |
Mercury General Corp. | ||
4.40%, 03/15/27(a) | 100,000 | 105,565 |
MetLife, Inc. | ||
3.60%, 04/10/24 | 1,065,000 | 1,139,268 |
3.60%, 11/13/25(a) | 150,000 | 161,558 |
5.70%, 06/15/35 | 500,000 | 673,287 |
6.40%, 12/15/36(a) | 1,000,000 | 1,229,025 |
5.88%, 02/06/41 | 250,000 | 342,219 |
4.13%, 08/13/42 | 250,000 | 285,746 |
4.60%, 05/13/46(a) | 750,000 | 929,242 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/37(b) | 65,000 | 75,444 |
Old Republic International Corp. | ||
3.88%, 08/26/26(a) | 250,000 | 264,351 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29(a) | 150,000 | 157,764 |
Principal Financial Group, Inc. | ||
3.13%, 05/15/23 | 250,000 | 257,120 |
3.10%, 11/15/26(a) | 150,000 | 155,426 |
3.70%, 05/15/29(a) | 150,000 | 163,738 |
4.63%, 09/15/42 | 200,000 | 234,653 |
4.35%, 05/15/43 | 250,000 | 284,846 |
4.30%, 11/15/46(a) | 50,000 | 56,919 |
Prudential Financial, Inc. | ||
4.50%, 11/16/21 | 150,000 | 157,698 |
3.88%, 03/27/28(a) | 500,000 | 549,282 |
6.63%, 12/01/37 | 500,000 | 696,320 |
5.88%, 09/15/42(a)(b) | 750,000 | 809,355 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.63%, 06/15/43(a)(b) | 700,000 | 756,164 |
4.60%, 05/15/44 | 300,000 | 355,012 |
5.38%, 05/15/45(a)(b) | 300,000 | 325,173 |
3.91%, 12/07/47(a) | 350,000 | 380,572 |
4.42%, 03/27/48(a) | 250,000 | 290,443 |
3.94%, 12/07/49(a) | 350,000 | 383,840 |
4.35%, 02/25/50(a) | 250,000 | 289,774 |
3.70%, 03/13/51(a) | 450,000 | 475,344 |
Reinsurance Group of America, Inc. | ||
4.70%, 09/15/23 | 445,000 | 483,869 |
3.90%, 05/15/29(a) | 200,000 | 214,984 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29(a) | 300,000 | 317,109 |
The Progressive Corp. | ||
4.00%, 03/01/29(a) | 560,000 | 629,765 |
4.35%, 04/25/44 | 50,000 | 58,993 |
3.70%, 01/26/45 | 300,000 | 326,028 |
4.13%, 04/15/47(a) | 150,000 | 176,970 |
4.20%, 03/15/48(a) | 300,000 | 354,600 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 171,000 | 255,981 |
Travelers Cos., Inc. | ||
6.25%, 06/15/37 | 750,000 | 1,050,937 |
4.60%, 08/01/43 | 200,000 | 246,654 |
4.00%, 05/30/47(a) | 150,000 | 170,660 |
4.10%, 03/04/49(a) | 500,000 | 583,845 |
Travelers Property Casualty Corp. | ||
6.38%, 03/15/33 | 300,000 | 417,555 |
UnitedHealth Group, Inc. | ||
2.88%, 12/15/21 | 250,000 | 255,143 |
2.88%, 03/15/22(a) | 500,000 | 510,145 |
3.35%, 07/15/22 | 500,000 | 517,737 |
2.38%, 10/15/22 | 500,000 | 506,277 |
2.75%, 02/15/23(a) | 250,000 | 255,499 |
2.88%, 03/15/23 | 500,000 | 513,617 |
3.50%, 06/15/23 | 382,000 | 400,321 |
3.50%, 02/15/24 | 500,000 | 528,032 |
2.38%, 08/15/24 | 300,000 | 304,020 |
3.75%, 07/15/25 | 750,000 | 810,919 |
3.10%, 03/15/26 | 250,000 | 261,590 |
3.88%, 12/15/28 | 250,000 | 276,685 |
2.88%, 08/15/29 | 300,000 | 309,323 |
4.63%, 07/15/35 | 500,000 | 607,505 |
5.80%, 03/15/36 | 200,000 | 265,942 |
6.63%, 11/15/37 | 600,000 | 864,072 |
6.88%, 02/15/38 | 750,000 | 1,114,204 |
3.50%, 08/15/39(a) | 400,000 | 422,222 |
5.95%, 02/15/41(a) | 150,000 | 204,420 |
4.63%, 11/15/41(a) | 173,000 | 206,719 |
4.75%, 07/15/45 | 750,000 | 923,179 |
4.20%, 01/15/47(a) | 500,000 | 574,835 |
4.25%, 04/15/47(a) | 250,000 | 288,155 |
3.75%, 10/15/47(a) | 200,000 | 215,052 |
4.25%, 06/15/48(a) | 500,000 | 581,052 |
4.45%, 12/15/48(a) | 250,000 | 299,495 |
3.70%, 08/15/49(a) | 400,000 | 430,400 |
3.88%, 08/15/59(a) | 400,000 | 434,806 |
Unum Group | ||
4.00%, 06/15/29(a) | 400,000 | 422,548 |
5.75%, 08/15/42 | 100,000 | 113,495 |
4.50%, 12/15/49(a) | 150,000 | 147,831 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 750,000 | 794,644 |
5.70%, 07/15/43 | 200,000 | 254,431 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Willis North America, Inc. | ||
3.60%, 05/15/24(a) | 200,000 | 209,587 |
4.50%, 09/15/28(a) | 300,000 | 331,380 |
2.95%, 09/15/29(a) | 300,000 | 297,909 |
5.05%, 09/15/48(a) | 200,000 | 236,114 |
3.88%, 09/15/49(a) | 100,000 | 100,531 |
WR Berkley Corp. | ||
4.63%, 03/15/22 | 150,000 | 158,426 |
XLIT Ltd. | ||
5.25%, 12/15/43 | 250,000 | 323,774 |
5.50%, 03/31/45 | 200,000 | 255,703 |
81,739,884 | ||
REITs 0.7% | ||
Alexandria Real Estate Equities, Inc. | ||
3.90%, 06/15/23(a) | 250,000 | 263,240 |
4.00%, 01/15/24(a) | 200,000 | 213,421 |
4.30%, 01/15/26(a) | 250,000 | 274,442 |
3.80%, 04/15/26(a) | 150,000 | 160,392 |
3.95%, 01/15/28(a) | 250,000 | 269,351 |
2.75%, 12/15/29(a) | 150,000 | 148,554 |
4.70%, 07/01/30(a) | 250,000 | 287,921 |
3.38%, 08/15/31(a) | 250,000 | 260,929 |
4.85%, 04/15/49(a) | 150,000 | 183,603 |
4.00%, 02/01/50(a) | 150,000 | 165,473 |
American Campus Communities Operating Partnership LP | ||
3.75%, 04/15/23(a) | 250,000 | 260,861 |
3.30%, 07/15/26(a) | 250,000 | 259,273 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28(a) | 250,000 | 266,499 |
4.90%, 02/15/29(a) | 100,000 | 112,069 |
AvalonBay Communities, Inc. | ||
3.50%, 11/15/24(a) | 700,000 | 745,388 |
3.45%, 06/01/25(a) | 150,000 | 158,794 |
3.35%, 05/15/27(a) | 250,000 | 264,199 |
3.20%, 01/15/28(a) | 500,000 | 522,682 |
3.30%, 06/01/29(a) | 150,000 | 159,119 |
4.35%, 04/15/48(a) | 150,000 | 177,384 |
Boston Properties LP | ||
3.85%, 02/01/23(a) | 1,000,000 | 1,049,315 |
3.13%, 09/01/23(a) | 500,000 | 516,155 |
3.80%, 02/01/24(a) | 100,000 | 105,920 |
3.65%, 02/01/26(a) | 150,000 | 159,075 |
2.75%, 10/01/26(a) | 150,000 | 152,309 |
4.50%, 12/01/28(a) | 250,000 | 284,229 |
3.40%, 06/21/29(a) | 250,000 | 262,074 |
2.90%, 03/15/30(a) | 500,000 | 499,262 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24(a) | 200,000 | 213,129 |
4.55%, 10/01/29(a) | 150,000 | 163,823 |
Brixmor Operating Partnership LP | ||
3.88%, 08/15/22(a) | 200,000 | 208,431 |
3.85%, 02/01/25(a) | 250,000 | 263,026 |
3.90%, 03/15/27(a) | 200,000 | 210,139 |
4.13%, 05/15/29(a) | 750,000 | 806,929 |
Camden Property Trust | ||
4.10%, 10/15/28(a) | 150,000 | 167,583 |
3.15%, 07/01/29(a) | 216,000 | 225,271 |
3.35%, 11/01/49(a) | 100,000 | 100,603 |
Corporate Office Properties LP | ||
3.60%, 05/15/23(a) | 150,000 | 154,482 |
CubeSmart LP | ||
4.00%, 11/15/25(a) | 250,000 | 267,160 |
4.38%, 02/15/29(a) | 118,000 | 129,740 |
3.00%, 02/15/30(a) | 150,000 | 149,064 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
CyrusOne LP/CyrusOne Finance Corp. | ||
2.90%, 11/15/24(a) | 200,000 | 201,151 |
3.45%, 11/15/29(a) | 300,000 | 301,614 |
Digital Realty Trust LP | ||
2.75%, 02/01/23(a) | 200,000 | 202,432 |
3.70%, 08/15/27(a) | 470,000 | 500,237 |
4.45%, 07/15/28(a) | 400,000 | 443,022 |
3.60%, 07/01/29(a) | 250,000 | 261,741 |
Duke Realty LP | ||
3.75%, 12/01/24(a) | 800,000 | 850,560 |
2.88%, 11/15/29(a) | 150,000 | 150,386 |
EPR Properties | ||
4.75%, 12/15/26(a) | 250,000 | 273,837 |
4.50%, 06/01/27(a) | 350,000 | 376,022 |
4.95%, 04/15/28(a) | 100,000 | 109,569 |
ERP Operating LP | ||
3.38%, 06/01/25(a) | 250,000 | 263,721 |
2.85%, 11/01/26(a) | 750,000 | 774,731 |
3.25%, 08/01/27(a) | 250,000 | 263,862 |
3.50%, 03/01/28(a) | 200,000 | 214,239 |
3.00%, 07/01/29(a) | 200,000 | 207,483 |
4.50%, 07/01/44(a) | 150,000 | 178,920 |
4.50%, 06/01/45(a) | 250,000 | 297,976 |
Essex Portfolio LP | ||
3.88%, 05/01/24(a) | 300,000 | 317,199 |
3.50%, 04/01/25(a) | 500,000 | 525,712 |
3.63%, 05/01/27(a) | 150,000 | 158,741 |
4.00%, 03/01/29(a) | 150,000 | 163,413 |
3.00%, 01/15/30(a) | 150,000 | 151,863 |
Federal Realty Investment Trust | ||
4.50%, 12/01/44(a) | 600,000 | 697,488 |
Healthcare Trust of America Holdings LP | ||
3.75%, 07/01/27(a) | 650,000 | 685,295 |
Healthpeak Properties, Inc. | ||
4.25%, 11/15/23(a) | 470,000 | 501,582 |
3.40%, 02/01/25(a) | 300,000 | 313,485 |
3.25%, 07/15/26(a) | 300,000 | 311,302 |
3.50%, 07/15/29(a) | 250,000 | 260,657 |
3.00%, 01/15/30(a) | 250,000 | 250,505 |
6.75%, 02/01/41(a) | 100,000 | 141,840 |
Highwoods Realty LP | ||
4.20%, 04/15/29(a) | 400,000 | 431,446 |
3.05%, 02/15/30(a) | 150,000 | 148,502 |
Host Hotels & Resorts LP | ||
4.75%, 03/01/23(a) | 250,000 | 267,215 |
3.75%, 10/15/23(a) | 250,000 | 262,145 |
3.38%, 12/15/29(a) | 500,000 | 505,337 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 | 150,000 | 157,490 |
4.65%, 04/01/29(a) | 250,000 | 275,365 |
3.25%, 01/15/30(a) | 150,000 | 149,735 |
Kilroy Realty LP | ||
3.80%, 01/15/23(a) | 250,000 | 259,909 |
4.38%, 10/01/25(a) | 750,000 | 816,330 |
4.25%, 08/15/29(a) | 200,000 | 218,011 |
Kimco Realty Corp. | ||
3.20%, 05/01/21(a) | 250,000 | 253,533 |
3.40%, 11/01/22(a) | 600,000 | 620,742 |
2.80%, 10/01/26(a) | 1,000,000 | 1,007,345 |
4.25%, 04/01/45(a) | 150,000 | 159,791 |
3.70%, 10/01/49(a) | 150,000 | 147,097 |
Liberty Property LP | ||
4.40%, 02/15/24(a) | 200,000 | 216,522 |
3.25%, 10/01/26(a) | 150,000 | 157,096 |
4.38%, 02/01/29(a) | 25,000 | 28,511 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Life Storage LP | ||
3.88%, 12/15/27(a) | 750,000 | 792,720 |
Mid-America Apartments LP | ||
3.75%, 06/15/24(a) | 250,000 | 263,814 |
3.60%, 06/01/27(a) | 60,000 | 63,980 |
4.20%, 06/15/28(a) | 350,000 | 388,729 |
National Retail Properties, Inc. | ||
3.60%, 12/15/26(a) | 250,000 | 262,995 |
3.50%, 10/15/27(a) | 125,000 | 130,997 |
4.30%, 10/15/28(a) | 200,000 | 221,635 |
4.80%, 10/15/48(a) | 150,000 | 181,856 |
Office Properties Income Trust | ||
4.00%, 07/15/22(a) | 175,000 | 178,615 |
4.25%, 05/15/24(a) | 250,000 | 260,026 |
Omega Healthcare Investors, Inc. | ||
4.95%, 04/01/24(a) | 1,100,000 | 1,204,472 |
3.63%, 10/01/29(a) | 150,000 | 152,790 |
Physicians Realty LP | ||
4.30%, 03/15/27(a) | 250,000 | 266,886 |
Prologis LP | ||
4.25%, 08/15/23(a) | 350,000 | 375,041 |
3.75%, 11/01/25(a) | 700,000 | 759,045 |
Public Storage | ||
3.09%, 09/15/27(a) | 250,000 | 261,724 |
3.39%, 05/01/29(a) | 150,000 | 159,726 |
Realty Income Corp. | ||
3.88%, 07/15/24(a) | 900,000 | 961,488 |
3.00%, 01/15/27(a) | 500,000 | 516,085 |
3.65%, 01/15/28(a) | 500,000 | 539,942 |
Regency Centers LP | ||
3.60%, 02/01/27(a) | 250,000 | 263,730 |
2.95%, 09/15/29(a) | 150,000 | 150,039 |
4.40%, 02/01/47(a) | 100,000 | 114,609 |
Sabra Health Care LP/Sabra Capital Corp. | ||
4.80%, 06/01/24(a) | 150,000 | 159,714 |
3.90%, 10/15/29(a) | 200,000 | 201,107 |
Service Properties Trust | ||
4.65%, 03/15/24(a) | 150,000 | 156,038 |
4.35%, 10/01/24(a) | 250,000 | 257,573 |
4.50%, 03/15/25(a) | 250,000 | 257,868 |
4.38%, 02/15/30(a) | 550,000 | 542,547 |
Simon Property Group LP | ||
2.35%, 01/30/22(a) | 200,000 | 201,766 |
2.75%, 02/01/23(a) | 500,000 | 511,582 |
2.75%, 06/01/23(a) | 500,000 | 511,930 |
3.75%, 02/01/24(a) | 250,000 | 266,582 |
2.00%, 09/13/24(a) | 450,000 | 448,958 |
3.38%, 10/01/24(a) | 100,000 | 105,299 |
3.30%, 01/15/26(a) | 250,000 | 263,479 |
3.38%, 06/15/27(a) | 750,000 | 794,936 |
2.45%, 09/13/29(a) | 400,000 | 394,828 |
6.75%, 02/01/40(a) | 370,000 | 545,360 |
4.25%, 10/01/44(a) | 150,000 | 170,585 |
3.25%, 09/13/49(a) | 400,000 | 389,392 |
SITE Centers Corp. | ||
3.63%, 02/01/25(a) | 150,000 | 155,134 |
SL Green Operating Partnership LP | ||
3.25%, 10/15/22(a) | 250,000 | 256,454 |
Spirit Realty LP | ||
4.45%, 09/15/26(a) | 60,000 | 64,930 |
3.20%, 01/15/27(a) | 200,000 | 200,840 |
3.40%, 01/15/30(a) | 250,000 | 251,656 |
Tanger Properties LP | ||
3.88%, 07/15/27(a) | 250,000 | 257,066 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
UDR, Inc. | ||
2.95%, 09/01/26(a) | 150,000 | 152,467 |
4.40%, 01/26/29(a) | 150,000 | 167,683 |
3.00%, 08/15/31(a) | 500,000 | 501,252 |
Ventas Realty LP | ||
3.25%, 08/15/22(a) | 250,000 | 256,825 |
3.75%, 05/01/24(a) | 150,000 | 157,808 |
2.65%, 01/15/25(a) | 500,000 | 504,500 |
4.00%, 03/01/28(a) | 850,000 | 911,208 |
4.40%, 01/15/29(a) | 150,000 | 165,328 |
5.70%, 09/30/43(a) | 100,000 | 125,446 |
4.38%, 02/01/45(a) | 100,000 | 108,615 |
4.88%, 04/15/49(a) | 150,000 | 177,164 |
VEREIT Operating Partnership LP | ||
4.60%, 02/06/24(a) | 200,000 | 216,920 |
3.95%, 08/15/27(a) | 750,000 | 790,597 |
Welltower, Inc. | ||
3.75%, 03/15/23(a) | 550,000 | 573,686 |
4.50%, 01/15/24(a) | 400,000 | 432,010 |
3.63%, 03/15/24(a) | 300,000 | 315,306 |
4.13%, 03/15/29(a) | 750,000 | 820,684 |
3.10%, 01/15/30(a) | 250,000 | 253,983 |
6.50%, 03/15/41(a) | 150,000 | 203,139 |
4.95%, 09/01/48(a) | 200,000 | 239,671 |
WP Carey, Inc. | ||
4.60%, 04/01/24(a) | 85,000 | 91,663 |
4.00%, 02/01/25(a) | 400,000 | 422,716 |
3.85%, 07/15/29(a) | 100,000 | 105,773 |
51,205,032 | ||
574,643,062 | ||
Industrial 15.2% | ||
Basic Industry 0.8% | ||
Air Products & Chemicals, Inc. | ||
3.35%, 07/31/24(a) | 20,000 | 21,098 |
Airgas, Inc. | ||
3.65%, 07/15/24(a) | 250,000 | 264,815 |
Albemarle Corp. | ||
4.15%, 12/01/24(a) | 100,000 | 107,158 |
5.45%, 12/01/44(a) | 100,000 | 115,243 |
Albemarle Wodgina Pty Ltd. | ||
3.45%, 11/15/29(a)(e) | 100,000 | 100,384 |
ArcelorMittal S.A. | ||
6.25%, 02/25/22(f)(g) | 400,000 | 431,438 |
3.60%, 07/16/24 | 450,000 | 462,267 |
6.13%, 06/01/25 | 250,000 | 287,791 |
4.55%, 03/11/26 | 100,000 | 106,605 |
4.25%, 07/16/29 | 150,000 | 157,099 |
7.00%, 10/15/39 | 275,000 | 336,369 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 550,000 | 682,451 |
5.75%, 05/01/43 | 150,000 | 192,783 |
Barrick PD Australia Finance Pty Ltd. | ||
5.95%, 10/15/39 | 500,000 | 636,715 |
BHP Billiton Finance USA Ltd. | ||
2.88%, 02/24/22 | 250,000 | 254,876 |
3.85%, 09/30/23 | 250,000 | 267,004 |
6.42%, 03/01/26 | 100,000 | 122,056 |
4.13%, 02/24/42 | 250,000 | 285,421 |
5.00%, 09/30/43 | 1,000,000 | 1,291,785 |
Cabot Corp. | ||
3.70%, 07/15/22 | 100,000 | 103,378 |
4.00%, 07/01/29(a) | 150,000 | 157,490 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Celanese US Holdings LLC | ||
4.63%, 11/15/22 | 250,000 | 264,665 |
3.50%, 05/08/24(a) | 150,000 | 155,156 |
Celulosa Arauco y Constitucion S.A. | ||
4.50%, 08/01/24(a) | 200,000 | 210,532 |
3.88%, 11/02/27(a) | 200,000 | 202,224 |
Dow Chemical Co. | ||
3.00%, 11/15/22(a) | 750,000 | 767,726 |
3.50%, 10/01/24(a) | 250,000 | 262,700 |
4.55%, 11/30/25(a) | 83,000 | 91,608 |
7.38%, 11/01/29 | 550,000 | 734,286 |
4.25%, 10/01/34(a) | 500,000 | 553,935 |
5.25%, 11/15/41(a) | 200,000 | 234,846 |
4.38%, 11/15/42(a) | 250,000 | 268,201 |
4.63%, 10/01/44(a) | 250,000 | 277,143 |
5.55%, 11/30/48(a) | 450,000 | 565,427 |
4.80%, 05/15/49(a) | 200,000 | 231,922 |
DuPont de Nemours, Inc. | ||
4.21%, 11/15/23(a) | 800,000 | 856,108 |
4.49%, 11/15/25(a) | 600,000 | 661,926 |
4.73%, 11/15/28(a) | 700,000 | 795,371 |
5.32%, 11/15/38(a) | 500,000 | 597,052 |
5.42%, 11/15/48(a) | 705,000 | 871,091 |
Eastman Chemical Co. | ||
3.60%, 08/15/22(a) | 849,000 | 879,339 |
4.80%, 09/01/42(a) | 250,000 | 274,326 |
4.65%, 10/15/44(a) | 250,000 | 272,183 |
Ecolab, Inc. | ||
4.35%, 12/08/21 | 213,000 | 223,076 |
2.38%, 08/10/22(a) | 300,000 | 303,273 |
3.25%, 12/01/27(a) | 1,000,000 | 1,056,195 |
Fibria Overseas Finance Ltd. | ||
5.25%, 05/12/24 | 200,000 | 216,978 |
5.50%, 01/17/27 | 300,000 | 329,226 |
FMC Corp. | ||
3.20%, 10/01/26(a) | 150,000 | 154,235 |
3.45%, 10/01/29(a) | 150,000 | 155,515 |
4.50%, 10/01/49(a) | 250,000 | 276,679 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 250,000 | 304,441 |
7.75%, 11/15/29 | 250,000 | 357,050 |
Huntsman International LLC | ||
5.13%, 11/15/22(a) | 150,000 | 160,384 |
4.50%, 05/01/29(a) | 250,000 | 267,148 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28(a) | 250,000 | 273,974 |
5.00%, 09/26/48(a) | 400,000 | 453,032 |
International Paper Co. | ||
3.65%, 06/15/24(a) | 400,000 | 421,552 |
3.00%, 02/15/27(a) | 250,000 | 258,355 |
5.00%, 09/15/35(a) | 100,000 | 118,023 |
4.80%, 06/15/44(a) | 600,000 | 660,435 |
4.40%, 08/15/47(a) | 300,000 | 322,353 |
4.35%, 08/15/48(a) | 1,100,000 | 1,173,584 |
Kinross Gold Corp. | ||
5.95%, 03/15/24(a) | 250,000 | 278,952 |
4.50%, 07/15/27(a) | 250,000 | 262,300 |
LYB International Finance BV | ||
4.00%, 07/15/23 | 250,000 | 264,761 |
5.25%, 07/15/43 | 250,000 | 297,926 |
4.88%, 03/15/44(a) | 150,000 | 171,288 |
LYB International Finance II BV | ||
3.50%, 03/02/27(a) | 250,000 | 262,720 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
LYB International Finance III LLC | ||
4.20%, 10/15/49(a) | 300,000 | 313,978 |
LyondellBasell Industries NV | ||
6.00%, 11/15/21(a) | 250,000 | 265,716 |
5.75%, 04/15/24(a) | 450,000 | 508,455 |
4.63%, 02/26/55(a) | 500,000 | 534,097 |
Methanex Corp. | ||
5.25%, 12/15/29(a) | 350,000 | 362,493 |
5.65%, 12/01/44(a) | 100,000 | 96,401 |
Mosaic Co. | ||
3.25%, 11/15/22(a) | 500,000 | 513,310 |
4.25%, 11/15/23(a) | 250,000 | 266,744 |
4.05%, 11/15/27(a) | 750,000 | 782,580 |
5.63%, 11/15/43(a) | 200,000 | 237,863 |
Newmont Goldcorp Corp. | ||
3.50%, 03/15/22(a) | 250,000 | 256,580 |
3.70%, 03/15/23(a) | 650,000 | 680,118 |
2.80%, 10/01/29(a) | 200,000 | 198,656 |
6.25%, 10/01/39 | 150,000 | 199,583 |
4.88%, 03/15/42(a) | 400,000 | 468,424 |
5.45%, 06/09/44(a) | 250,000 | 311,535 |
Nucor Corp. | ||
4.13%, 09/15/22(a) | 150,000 | 157,463 |
4.00%, 08/01/23(a) | 200,000 | 211,701 |
3.95%, 05/01/28(a) | 100,000 | 108,941 |
6.40%, 12/01/37 | 250,000 | 342,406 |
5.20%, 08/01/43(a) | 300,000 | 378,477 |
Nutrien Ltd. | ||
3.15%, 10/01/22(a) | 250,000 | 255,700 |
3.63%, 03/15/24(a) | 450,000 | 470,160 |
4.20%, 04/01/29(a) | 250,000 | 275,840 |
4.13%, 03/15/35(a) | 900,000 | 945,067 |
5.88%, 12/01/36 | 100,000 | 122,605 |
5.63%, 12/01/40 | 50,000 | 59,599 |
6.13%, 01/15/41(a) | 200,000 | 248,463 |
5.25%, 01/15/45(a) | 250,000 | 299,237 |
Packaging Corp. of America | ||
3.65%, 09/15/24(a) | 500,000 | 525,585 |
3.40%, 12/15/27(a) | 200,000 | 209,187 |
3.00%, 12/15/29(a) | 100,000 | 100,913 |
4.05%, 12/15/49(a) | 150,000 | 156,878 |
PPG Industries, Inc. | ||
3.20%, 03/15/23(a) | 350,000 | 361,471 |
2.40%, 08/15/24(a) | 100,000 | 101,105 |
2.80%, 08/15/29(a) | 200,000 | 201,471 |
Praxair, Inc. | ||
2.65%, 02/05/25(a) | 500,000 | 514,615 |
3.20%, 01/30/26(a) | 1,000,000 | 1,055,675 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 381,000 | 536,256 |
Rio Tinto Finance USA Ltd. | ||
3.75%, 06/15/25(a) | 400,000 | 430,578 |
7.13%, 07/15/28 | 250,000 | 335,872 |
5.20%, 11/02/40 | 200,000 | 262,644 |
Rio Tinto Finance USA PLC | ||
4.75%, 03/22/42(a) | 500,000 | 614,337 |
4.13%, 08/21/42(a) | 100,000 | 114,878 |
Rohm & Haas Co. | ||
7.85%, 07/15/29 | 450,000 | 601,938 |
RPM International, Inc. | ||
3.75%, 03/15/27(a) | 250,000 | 258,860 |
4.25%, 01/15/48(a) | 250,000 | 246,941 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
SASOL Financing USA LLC | ||
5.88%, 03/27/24(a) | 250,000 | 271,055 |
6.50%, 09/27/28(a) | 300,000 | 334,143 |
Sherwin-Williams Co. | ||
4.20%, 01/15/22(a) | 250,000 | 259,270 |
2.75%, 06/01/22(a) | 475,000 | 483,388 |
3.13%, 06/01/24(a) | 250,000 | 258,513 |
3.45%, 06/01/27(a) | 450,000 | 476,725 |
2.95%, 08/15/29(a) | 250,000 | 253,949 |
4.50%, 06/01/47(a) | 750,000 | 858,262 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 150,000 | 157,825 |
7.50%, 07/27/35 | 250,000 | 345,946 |
6.75%, 04/16/40 | 250,000 | 335,129 |
5.25%, 11/08/42 | 750,000 | 865,579 |
5.88%, 04/23/45 | 250,000 | 313,197 |
Steel Dynamics, Inc. | ||
5.13%, 10/01/21(a) | 250,000 | 250,104 |
5.50%, 10/01/24(a) | 250,000 | 258,174 |
2.80%, 12/15/24(a) | 200,000 | 201,662 |
4.13%, 09/15/25(a) | 250,000 | 257,315 |
3.45%, 04/15/30(a) | 200,000 | 202,443 |
Suzano Austria GmbH | ||
6.00%, 01/15/29(a) | 500,000 | 566,097 |
5.00%, 01/15/30(a) | 250,000 | 263,645 |
Teck Resources Ltd. | ||
6.13%, 10/01/35 | 400,000 | 470,728 |
6.00%, 08/15/40(a) | 150,000 | 167,444 |
6.25%, 07/15/41(a) | 350,000 | 402,577 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 500,000 | 586,807 |
8.25%, 01/17/34 | 200,000 | 281,472 |
6.88%, 11/21/36 | 448,000 | 581,596 |
6.88%, 11/10/39 | 450,000 | 587,601 |
Vale S.A. | ||
5.63%, 09/11/42 | 250,000 | 294,059 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26(a) | 200,000 | 207,521 |
5.00%, 08/15/46(a) | 300,000 | 325,536 |
4.38%, 11/15/47(a) | 100,000 | 101,171 |
Weyerhaeuser Co. | ||
3.25%, 03/15/23(a) | 150,000 | 153,894 |
4.63%, 09/15/23 | 350,000 | 377,204 |
4.00%, 11/15/29(a) | 200,000 | 217,276 |
7.38%, 03/15/32 | 600,000 | 831,420 |
WRKCo, Inc. | ||
3.00%, 09/15/24(a) | 250,000 | 255,565 |
3.75%, 03/15/25(a) | 1,000,000 | 1,054,715 |
4.65%, 03/15/26(a) | 150,000 | 166,010 |
3.90%, 06/01/28(a) | 250,000 | 265,223 |
4.90%, 03/15/29(a) | 250,000 | 284,861 |
4.20%, 06/01/32(a) | 250,000 | 274,588 |
57,036,533 | ||
Capital Goods 1.3% | ||
3M Co. | ||
3.00%, 09/14/21(a) | 226,000 | 230,371 |
1.63%, 09/19/21(a) | 250,000 | 249,471 |
2.75%, 03/01/22(a) | 600,000 | 611,943 |
1.75%, 02/14/23(a) | 300,000 | 298,478 |
2.25%, 03/15/23(a) | 500,000 | 504,732 |
3.25%, 02/14/24(a) | 50,000 | 52,363 |
2.00%, 02/14/25(a) | 250,000 | 248,494 |
2.88%, 10/15/27(a) | 300,000 | 312,124 |
3.38%, 03/01/29(a) | 150,000 | 159,809 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.38%, 08/26/29(a) | 350,000 | 344,185 |
3.13%, 09/19/46(a) | 200,000 | 191,397 |
3.63%, 10/15/47(a) | 200,000 | 206,881 |
4.00%, 09/14/48(a) | 650,000 | 717,915 |
3.25%, 08/26/49(a) | 300,000 | 292,203 |
ABB Finance USA, Inc. | ||
2.88%, 05/08/22 | 500,000 | 510,677 |
3.80%, 04/03/28(a) | 250,000 | 274,549 |
4.38%, 05/08/42 | 300,000 | 362,923 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24(a) | 500,000 | 514,367 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26(a)(e) | 80,000 | 82,430 |
Boeing Co. | ||
2.30%, 08/01/21 | 450,000 | 452,608 |
2.13%, 03/01/22(a) | 150,000 | 150,427 |
2.70%, 05/01/22 | 250,000 | 253,944 |
2.80%, 03/01/23(a) | 150,000 | 153,048 |
1.88%, 06/15/23(a) | 100,000 | 99,475 |
2.80%, 03/01/24(a) | 250,000 | 255,621 |
2.60%, 10/30/25(a) | 500,000 | 507,227 |
3.10%, 05/01/26(a) | 200,000 | 206,755 |
2.70%, 02/01/27(a) | 300,000 | 304,091 |
2.80%, 03/01/27(a) | 100,000 | 101,482 |
3.45%, 11/01/28(a) | 250,000 | 265,804 |
3.20%, 03/01/29(a) | 350,000 | 366,193 |
2.95%, 02/01/30(a) | 200,000 | 204,502 |
3.60%, 05/01/34(a) | 250,000 | 268,638 |
3.25%, 02/01/35(a) | 250,000 | 258,424 |
3.50%, 03/01/39(a) | 150,000 | 154,965 |
5.88%, 02/15/40 | 350,000 | 465,822 |
3.65%, 03/01/47(a) | 500,000 | 514,572 |
3.90%, 05/01/49(a) | 300,000 | 325,869 |
3.75%, 02/01/50(a) | 375,000 | 399,401 |
3.83%, 03/01/59(a) | 150,000 | 155,682 |
3.95%, 08/01/59(a) | 300,000 | 322,497 |
Carlisle Cos., Inc. | ||
3.50%, 12/01/24(a) | 100,000 | 104,047 |
Caterpillar Financial Services Corp. | ||
2.65%, 05/17/21 | 150,000 | 151,745 |
1.70%, 08/09/21 | 150,000 | 149,744 |
3.15%, 09/07/21 | 1,300,000 | 1,328,658 |
2.85%, 06/01/22 | 113,000 | 115,527 |
2.55%, 11/29/22 | 1,250,000 | 1,275,162 |
2.85%, 05/17/24 | 150,000 | 154,895 |
3.30%, 06/09/24 | 250,000 | 262,869 |
3.25%, 12/01/24 | 100,000 | 105,692 |
Caterpillar, Inc. | ||
3.40%, 05/15/24(a) | 1,000,000 | 1,059,065 |
6.05%, 08/15/36 | 300,000 | 411,979 |
5.20%, 05/27/41 | 500,000 | 650,360 |
3.80%, 08/15/42 | 250,000 | 280,269 |
4.30%, 05/15/44(a) | 125,000 | 147,426 |
3.25%, 09/19/49(a) | 400,000 | 402,572 |
4.75%, 05/15/64(a) | 100,000 | 126,687 |
CNH Industrial Capital LLC | ||
4.20%, 01/15/24 | 750,000 | 795,064 |
CNH Industrial NV | ||
4.50%, 08/15/23 | 200,000 | 213,459 |
3.85%, 11/15/27(a) | 150,000 | 156,596 |
Crane Co. | ||
4.20%, 03/15/48(a) | 150,000 | 151,181 |
Deere & Co. | ||
2.60%, 06/08/22(a) | 750,000 | 763,144 |
5.38%, 10/16/29 | 150,000 | 186,815 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.90%, 06/09/42(a) | 250,000 | 282,598 |
2.88%, 09/07/49(a) | 200,000 | 190,176 |
Dover Corp. | ||
2.95%, 11/04/29(a) | 100,000 | 100,875 |
5.38%, 03/01/41(a) | 250,000 | 306,249 |
Eagle Materials, Inc. | ||
4.50%, 08/01/26(a) | 500,000 | 520,865 |
Eaton Corp. | ||
2.75%, 11/02/22 | 1,000,000 | 1,021,815 |
4.00%, 11/02/32 | 200,000 | 228,303 |
4.15%, 11/02/42 | 350,000 | 394,254 |
Embraer Netherlands Finance BV | ||
5.40%, 02/01/27 | 250,000 | 282,659 |
Embraer Overseas Ltd. | ||
5.70%, 09/16/23(e) | 250,000 | 275,080 |
Emerson Electric Co. | ||
2.63%, 12/01/21(a) | 500,000 | 508,085 |
5.25%, 11/15/39 | 140,000 | 176,419 |
Fortive Corp. | ||
3.15%, 06/15/26(a) | 500,000 | 512,887 |
4.30%, 06/15/46(a) | 250,000 | 260,494 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 09/21/23(a) | 200,000 | 211,337 |
4.00%, 06/15/25(a) | 250,000 | 270,231 |
3.25%, 09/15/29(a) | 200,000 | 204,799 |
General Dynamics Corp. | ||
3.00%, 05/11/21 | 250,000 | 254,103 |
3.88%, 07/15/21(a) | 500,000 | 513,520 |
3.38%, 05/15/23(a) | 750,000 | 784,031 |
1.88%, 08/15/23(a) | 100,000 | 100,183 |
3.50%, 05/15/25(a) | 250,000 | 267,935 |
2.13%, 08/15/26(a) | 250,000 | 248,006 |
2.63%, 11/15/27(a) | 150,000 | 154,024 |
3.75%, 05/15/28(a) | 500,000 | 551,367 |
3.60%, 11/15/42(a) | 150,000 | 170,325 |
General Electric Co. | ||
4.63%, 01/07/21 | 300,000 | 307,353 |
5.30%, 02/11/21 | 250,000 | 258,501 |
4.65%, 10/17/21 | 500,000 | 521,262 |
3.15%, 09/07/22 | 400,000 | 409,004 |
2.70%, 10/09/22 | 900,000 | 912,186 |
3.10%, 01/09/23 | 350,000 | 357,810 |
3.38%, 03/11/24 | 600,000 | 622,215 |
3.45%, 05/15/24(a) | 1,000,000 | 1,039,975 |
6.75%, 03/15/32 | 650,000 | 837,427 |
6.15%, 08/07/37 | 500,000 | 619,750 |
5.88%, 01/14/38 | 1,150,000 | 1,394,404 |
6.88%, 01/10/39 | 600,000 | 800,652 |
4.13%, 10/09/42 | 72,000 | 74,806 |
4.50%, 03/11/44 | 250,000 | 274,934 |
Honeywell International, Inc. | ||
1.85%, 11/01/21(a) | 400,000 | 401,022 |
2.15%, 08/08/22(a) | 450,000 | 454,219 |
3.35%, 12/01/23 | 250,000 | 263,676 |
2.30%, 08/15/24(a) | 250,000 | 253,523 |
2.50%, 11/01/26(a) | 1,000,000 | 1,018,130 |
2.70%, 08/15/29(a) | 250,000 | 256,848 |
5.70%, 03/15/37 | 200,000 | 271,998 |
Hubbell, Inc. | ||
3.15%, 08/15/27(a) | 100,000 | 101,309 |
3.50%, 02/15/28(a) | 150,000 | 155,087 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27(a) | 250,000 | 262,853 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26(a) | 600,000 | 618,633 |
4.88%, 09/15/41(a) | 250,000 | 318,817 |
3.90%, 09/01/42(a) | 350,000 | 406,849 |
Ingersoll-Rand Global Holding Co., Ltd. | ||
4.25%, 06/15/23 | 250,000 | 266,945 |
3.75%, 08/21/28(a) | 500,000 | 533,550 |
4.30%, 02/21/48(a) | 400,000 | 436,570 |
Ingersoll-Rand Luxembourg Finance S.A. | ||
3.80%, 03/21/29(a) | 350,000 | 377,221 |
John Deere Capital Corp. | ||
2.35%, 01/08/21 | 500,000 | 502,780 |
2.55%, 01/08/21 | 70,000 | 70,507 |
2.80%, 03/04/21 | 50,000 | 50,594 |
3.90%, 07/12/21 | 500,000 | 515,912 |
3.13%, 09/10/21 | 150,000 | 153,338 |
3.20%, 01/10/22 | 200,000 | 205,501 |
2.15%, 09/08/22 | 500,000 | 503,987 |
2.70%, 01/06/23 | 500,000 | 511,012 |
2.80%, 01/27/23 | 150,000 | 153,689 |
2.80%, 03/06/23 | 200,000 | 205,300 |
2.60%, 03/07/24 | 200,000 | 204,534 |
2.65%, 06/24/24 | 500,000 | 512,510 |
3.40%, 09/11/25 | 100,000 | 106,808 |
2.65%, 06/10/26 | 500,000 | 511,372 |
2.80%, 09/08/27 | 350,000 | 360,474 |
3.05%, 01/06/28 | 250,000 | 262,170 |
3.45%, 03/07/29 | 250,000 | 272,250 |
2.80%, 07/18/29 | 250,000 | 256,939 |
Johnson Controls International plc | ||
3.63%, 07/02/24(a) | 250,000 | 262,164 |
3.90%, 02/14/26(a) | 183,000 | 195,299 |
6.00%, 01/15/36 | 382,000 | 470,110 |
4.63%, 07/02/44(a) | 200,000 | 220,619 |
5.13%, 09/14/45(a) | 24,000 | 27,703 |
4.50%, 02/15/47(a) | 50,000 | 54,320 |
Kennametal, Inc. | ||
4.63%, 06/15/28(a) | 100,000 | 107,357 |
L3Harris Technologies, Inc. | ||
4.95%, 02/15/21(a) | 500,000 | 512,230 |
3.85%, 12/15/26(a)(e) | 500,000 | 536,537 |
4.40%, 06/15/28(a) | 500,000 | 558,557 |
4.40%, 06/15/28(a)(e) | 295,000 | 329,860 |
2.90%, 12/15/29(a) | 150,000 | 152,362 |
6.15%, 12/15/40 | 150,000 | 203,700 |
Leggett & Platt, Inc. | ||
4.40%, 03/15/29(a) | 426,000 | 466,836 |
Lockheed Martin Corp. | ||
3.35%, 09/15/21 | 250,000 | 256,505 |
3.10%, 01/15/23(a) | 500,000 | 516,837 |
3.55%, 01/15/26(a) | 1,050,000 | 1,128,036 |
5.72%, 06/01/40 | 65,000 | 88,365 |
4.07%, 12/15/42 | 500,000 | 573,655 |
4.70%, 05/15/46(a) | 250,000 | 317,642 |
4.09%, 09/15/52(a) | 1,150,000 | 1,345,483 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24(a) | 200,000 | 214,242 |
3.45%, 06/01/27(a) | 25,000 | 26,030 |
4.25%, 12/15/47(a) | 250,000 | 262,613 |
Masco Corp. | ||
3.50%, 04/01/21(a) | 500,000 | 507,415 |
4.45%, 04/01/25(a) | 100,000 | 108,952 |
4.50%, 05/15/47(a) | 400,000 | 410,766 |
Mohawk Industries, Inc. | ||
3.85%, 02/01/23(a) | 200,000 | 209,216 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Northrop Grumman Corp. | ||
3.50%, 03/15/21 | 500,000 | 509,450 |
2.55%, 10/15/22(a) | 500,000 | 507,687 |
2.93%, 01/15/25(a) | 400,000 | 412,490 |
3.20%, 02/01/27(a) | 500,000 | 520,612 |
3.25%, 01/15/28(a) | 250,000 | 261,025 |
4.75%, 06/01/43 | 750,000 | 906,517 |
3.85%, 04/15/45(a) | 750,000 | 808,894 |
4.03%, 10/15/47(a) | 200,000 | 223,652 |
nVent Finance Sarl | ||
4.55%, 04/15/28(a) | 275,000 | 286,289 |
Owens Corning | ||
3.40%, 08/15/26(a) | 150,000 | 152,919 |
3.95%, 08/15/29(a) | 450,000 | 469,957 |
7.00%, 12/01/36 | 145,000 | 181,052 |
4.30%, 07/15/47(a) | 200,000 | 190,623 |
Parker-Hannifin Corp. | ||
3.50%, 09/15/22 | 250,000 | 258,988 |
2.70%, 06/14/24(a) | 250,000 | 255,360 |
3.25%, 06/14/29(a) | 550,000 | 574,065 |
4.20%, 11/21/34(a) | 250,000 | 276,389 |
4.45%, 11/21/44(a) | 250,000 | 282,853 |
4.10%, 03/01/47(a) | 150,000 | 163,754 |
4.00%, 06/14/49(a) | 350,000 | 381,055 |
Pentair Finance Sarl | ||
4.50%, 07/01/29(a) | 250,000 | 265,018 |
Precision Castparts Corp. | ||
2.50%, 01/15/23(a) | 200,000 | 203,748 |
3.25%, 06/15/25(a) | 200,000 | 211,486 |
3.90%, 01/15/43(a) | 250,000 | 273,523 |
Raytheon Co. | ||
2.50%, 12/15/22(a) | 450,000 | 459,497 |
3.15%, 12/15/24(a) | 200,000 | 211,367 |
4.88%, 10/15/40 | 250,000 | 318,327 |
4.70%, 12/15/41 | 200,000 | 250,192 |
Republic Services, Inc. | ||
3.55%, 06/01/22(a) | 300,000 | 310,036 |
2.50%, 08/15/24(a) | 450,000 | 456,046 |
2.90%, 07/01/26(a) | 1,000,000 | 1,024,920 |
3.38%, 11/15/27(a) | 500,000 | 530,492 |
3.95%, 05/15/28(a) | 75,000 | 82,752 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29(a) | 300,000 | 323,491 |
4.20%, 03/01/49(a) | 250,000 | 292,110 |
Rockwell Collins, Inc. | ||
2.80%, 03/15/22(a) | 1,100,000 | 1,119,079 |
3.20%, 03/15/24(a) | 250,000 | 260,350 |
4.35%, 04/15/47(a) | 500,000 | 587,627 |
Roper Technologies, Inc. | ||
2.80%, 12/15/21(a) | 250,000 | 253,704 |
3.13%, 11/15/22(a) | 250,000 | 256,681 |
2.35%, 09/15/24(a) | 150,000 | 151,103 |
3.85%, 12/15/25(a) | 500,000 | 540,010 |
2.95%, 09/15/29(a) | 500,000 | 505,790 |
Snap-on, Inc. | ||
4.10%, 03/01/48(a) | 200,000 | 226,832 |
Sonoco Products Co. | ||
5.75%, 11/01/40(a) | 130,000 | 162,136 |
Spirit AeroSystems, Inc. | ||
3.95%, 06/15/23(a) | 200,000 | 205,975 |
4.60%, 06/15/28(a) | 200,000 | 211,707 |
Stanley Black & Decker, Inc. | ||
2.90%, 11/01/22 | 250,000 | 256,468 |
4.25%, 11/15/28(a) | 250,000 | 282,184 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.20%, 09/01/40 | 59,000 | 73,749 |
4.85%, 11/15/48(a) | 300,000 | 372,112 |
Textron, Inc. | ||
3.88%, 03/01/25(a) | 250,000 | 264,728 |
3.65%, 03/15/27(a) | 150,000 | 157,155 |
3.90%, 09/17/29(a) | 200,000 | 214,018 |
Timken Co. | ||
4.50%, 12/15/28(a) | 150,000 | 161,645 |
United Technologies Corp. | ||
3.35%, 08/16/21 | 250,000 | 256,065 |
1.95%, 11/01/21(a) | 500,000 | 501,057 |
2.30%, 05/04/22(a) | 1,400,000 | 1,411,718 |
3.10%, 06/01/22 | 652,000 | 669,571 |
3.65%, 08/16/23(a) | 200,000 | 210,989 |
2.80%, 05/04/24(a) | 400,000 | 411,542 |
3.95%, 08/16/25(a) | 150,000 | 163,822 |
3.13%, 05/04/27(a) | 250,000 | 262,368 |
4.13%, 11/16/28(a) | 900,000 | 1,013,805 |
6.05%, 06/01/36 | 500,000 | 680,575 |
6.13%, 07/15/38 | 400,000 | 558,752 |
5.70%, 04/15/40 | 1,000,000 | 1,353,870 |
4.50%, 06/01/42 | 1,000,000 | 1,202,830 |
4.15%, 05/15/45(a) | 100,000 | 114,987 |
4.05%, 05/04/47(a) | 1,000,000 | 1,138,855 |
4.63%, 11/16/48(a) | 100,000 | 125,371 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44(a) | 200,000 | 205,436 |
5.25%, 10/01/54(a) | 100,000 | 102,219 |
Vulcan Materials Co. | ||
3.90%, 04/01/27(a) | 200,000 | 211,748 |
4.50%, 06/15/47(a) | 250,000 | 275,130 |
Waste Connections, Inc. | ||
4.25%, 12/01/28(a) | 150,000 | 167,722 |
3.50%, 05/01/29(a) | 109,000 | 115,585 |
Waste Management, Inc. | ||
2.90%, 09/15/22(a) | 450,000 | 460,784 |
2.40%, 05/15/23(a) | 250,000 | 252,653 |
2.95%, 06/15/24(a) | 250,000 | 258,401 |
3.20%, 06/15/26(a) | 150,000 | 157,288 |
3.15%, 11/15/27(a) | 300,000 | 313,771 |
3.45%, 06/15/29(a) | 250,000 | 267,401 |
4.00%, 07/15/39(a) | 250,000 | 279,464 |
4.10%, 03/01/45(a) | 500,000 | 569,567 |
4.15%, 07/15/49(a) | 300,000 | 344,040 |
Westinghouse Air Brake Technologies Corp. | ||
4.95%, 09/15/28(a)(f)(g) | 850,000 | 936,220 |
WW Grainger, Inc. | ||
4.60%, 06/15/45(a) | 150,000 | 180,016 |
4.20%, 05/15/47(a) | 500,000 | 562,802 |
Xylem, Inc. | ||
4.88%, 10/01/21 | 200,000 | 209,721 |
3.25%, 11/01/26(a) | 285,000 | 295,237 |
95,727,623 | ||
Communications 2.2% | ||
Activision Blizzard, Inc. | ||
2.30%, 09/15/21(a) | 500,000 | 502,783 |
3.40%, 09/15/26(a) | 106,000 | 111,545 |
3.40%, 06/15/27(a) | 250,000 | 261,779 |
America Movil S.A.B. de C.V. | ||
3.13%, 07/16/22 | 700,000 | 717,370 |
3.63%, 04/22/29(a) | 250,000 | 265,538 |
6.13%, 03/30/40 | 850,000 | 1,143,101 |
4.38%, 07/16/42 | 500,000 | 561,457 |
4.38%, 04/22/49(a) | 350,000 | 401,270 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
American Tower Corp. | ||
3.30%, 02/15/21(a) | 350,000 | 354,891 |
2.25%, 01/15/22 | 250,000 | 251,075 |
4.70%, 03/15/22 | 153,000 | 161,439 |
3.50%, 01/31/23 | 950,000 | 985,178 |
3.00%, 06/15/23 | 200,000 | 205,095 |
5.00%, 02/15/24 | 350,000 | 385,667 |
3.38%, 05/15/24(a) | 250,000 | 259,856 |
2.95%, 01/15/25(a) | 80,000 | 81,996 |
4.00%, 06/01/25(a) | 100,000 | 107,232 |
3.38%, 10/15/26(a) | 250,000 | 260,404 |
3.55%, 07/15/27(a) | 500,000 | 525,645 |
3.95%, 03/15/29(a) | 250,000 | 269,785 |
3.80%, 08/15/29(a) | 850,000 | 909,687 |
3.70%, 10/15/49(a) | 200,000 | 200,487 |
AT&T, Inc. | ||
4.60%, 02/15/21(a) | 300,000 | 307,071 |
2.80%, 02/17/21(a) | 500,000 | 504,578 |
4.45%, 05/15/21 | 55,000 | 56,873 |
4.00%, 01/15/22 | 500,000 | 519,882 |
3.00%, 02/15/22 | 350,000 | 357,497 |
3.20%, 03/01/22(a) | 750,000 | 768,289 |
3.80%, 03/15/22 | 250,000 | 259,594 |
3.00%, 06/30/22(a) | 1,500,000 | 1,533,660 |
2.63%, 12/01/22(a) | 250,000 | 254,016 |
3.60%, 02/17/23(a) | 500,000 | 521,962 |
4.45%, 04/01/24(a) | 350,000 | 379,215 |
3.55%, 06/01/24(a) | 400,000 | 420,824 |
3.95%, 01/15/25(a) | 350,000 | 375,417 |
3.40%, 05/15/25(a) | 1,250,000 | 1,311,731 |
3.60%, 07/15/25(a) | 250,000 | 264,866 |
3.88%, 01/15/26(a) | 1,500,000 | 1,607,250 |
4.13%, 02/17/26(a) | 250,000 | 271,351 |
3.80%, 02/15/27(a) | 350,000 | 375,181 |
4.25%, 03/01/27(a) | 1,200,000 | 1,317,864 |
4.10%, 02/15/28(a) | 1,533,000 | 1,669,468 |
4.35%, 03/01/29(a) | 250,000 | 278,051 |
4.30%, 02/15/30(a) | 850,000 | 946,160 |
4.50%, 05/15/35(a) | 1,000,000 | 1,116,635 |
5.25%, 03/01/37(a) | 950,000 | 1,138,798 |
4.90%, 08/15/37(a) | 350,000 | 404,625 |
4.85%, 03/01/39(a) | 800,000 | 926,216 |
6.35%, 03/15/40 | 300,000 | 397,187 |
6.10%, 07/15/40 | 250,000 | 319,909 |
6.00%, 08/15/40(a) | 1,000,000 | 1,289,480 |
5.35%, 09/01/40 | 725,000 | 875,263 |
6.38%, 03/01/41 | 46,000 | 61,718 |
6.25%, 03/29/41 | 93,000 | 121,638 |
5.38%, 10/15/41 | 150,000 | 178,079 |
5.15%, 03/15/42 | 725,000 | 854,028 |
4.30%, 12/15/42(a) | 750,000 | 803,955 |
4.80%, 06/15/44(a) | 250,000 | 285,596 |
4.35%, 06/15/45(a) | 1,100,000 | 1,188,022 |
4.85%, 07/15/45(a) | 500,000 | 573,580 |
4.75%, 05/15/46(a) | 1,000,000 | 1,133,065 |
5.15%, 11/15/46(a) | 500,000 | 598,010 |
5.65%, 02/15/47(a) | 500,000 | 636,085 |
5.45%, 03/01/47(a) | 600,000 | 744,933 |
4.50%, 03/09/48(a) | 1,400,000 | 1,551,018 |
4.55%, 03/09/49(a) | 759,000 | 844,251 |
5.15%, 02/15/50(a) | 1,000,000 | 1,211,230 |
5.70%, 03/01/57(a) | 350,000 | 456,237 |
5.30%, 08/15/58(a) | 350,000 | 429,256 |
Bell Canada, Inc. | ||
4.46%, 04/01/48(a) | 600,000 | 696,786 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
British Telecommunications PLC | ||
4.50%, 12/04/23(a) | 250,000 | 269,604 |
5.13%, 12/04/28(a) | 1,250,000 | 1,438,300 |
9.63%, 12/15/30(g) | 100,000 | 153,900 |
CC Holdings GS V LLC/Crown Castle GS III Corp. | ||
3.85%, 04/15/23 | 500,000 | 525,060 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.46%, 07/23/22(a) | 1,050,000 | 1,104,400 |
4.50%, 02/01/24(a) | 250,000 | 269,356 |
4.91%, 07/23/25(a) | 1,000,000 | 1,102,790 |
3.75%, 02/15/28(a) | 550,000 | 571,464 |
4.20%, 03/15/28(a) | 250,000 | 266,880 |
5.05%, 03/30/29(a) | 600,000 | 680,409 |
6.38%, 10/23/35(a) | 500,000 | 632,472 |
5.38%, 04/01/38(a) | 750,000 | 859,365 |
6.48%, 10/23/45(a) | 1,250,000 | 1,561,344 |
5.38%, 05/01/47(a) | 850,000 | 956,875 |
5.75%, 04/01/48(a) | 600,000 | 703,485 |
5.13%, 07/01/49(a) | 450,000 | 490,460 |
4.80%, 03/01/50(a) | 400,000 | 422,148 |
6.83%, 10/23/55(a) | 250,000 | 325,186 |
Comcast Cable Communications Holdings, Inc. | ||
9.46%, 11/15/22 | 400,000 | 483,896 |
Comcast Corp. | ||
3.45%, 10/01/21 | 500,000 | 514,785 |
1.63%, 01/15/22(a) | 500,000 | 498,873 |
3.13%, 07/15/22 | 250,000 | 258,028 |
2.85%, 01/15/23 | 500,000 | 514,338 |
2.75%, 03/01/23(a) | 750,000 | 767,779 |
3.00%, 02/01/24(a) | 400,000 | 414,976 |
3.60%, 03/01/24 | 750,000 | 795,904 |
3.70%, 04/15/24(a) | 250,000 | 266,818 |
3.38%, 02/15/25(a) | 100,000 | 105,661 |
3.38%, 08/15/25(a) | 250,000 | 265,456 |
3.95%, 10/15/25(a) | 950,000 | 1,037,542 |
3.15%, 03/01/26(a) | 500,000 | 524,462 |
2.35%, 01/15/27(a) | 500,000 | 500,080 |
3.30%, 02/01/27(a) | 530,000 | 561,312 |
3.15%, 02/15/28(a) | 500,000 | 524,847 |
3.55%, 05/01/28(a) | 292,000 | 314,928 |
4.15%, 10/15/28(a) | 1,000,000 | 1,127,280 |
2.65%, 02/01/30(a) | 500,000 | 502,933 |
4.25%, 10/15/30(a) | 500,000 | 572,532 |
4.25%, 01/15/33 | 750,000 | 869,464 |
7.05%, 03/15/33 | 250,000 | 360,805 |
4.40%, 08/15/35(a) | 130,000 | 152,600 |
6.50%, 11/15/35 | 250,000 | 353,675 |
3.20%, 07/15/36(a) | 250,000 | 256,626 |
6.95%, 08/15/37 | 100,000 | 148,391 |
3.90%, 03/01/38(a) | 500,000 | 555,125 |
4.60%, 10/15/38(a) | 1,000,000 | 1,196,120 |
4.65%, 07/15/42 | 500,000 | 603,405 |
4.75%, 03/01/44 | 500,000 | 611,002 |
4.60%, 08/15/45(a) | 822,000 | 989,330 |
3.40%, 07/15/46(a) | 250,000 | 254,394 |
4.00%, 08/15/47(a) | 266,000 | 295,007 |
3.97%, 11/01/47(a) | 1,448,000 | 1,600,416 |
4.00%, 03/01/48(a) | 500,000 | 555,935 |
4.70%, 10/15/48(a) | 1,250,000 | 1,544,912 |
4.00%, 11/01/49(a) | 650,000 | 724,350 |
3.45%, 02/01/50(a) | 500,000 | 514,863 |
4.05%, 11/01/52(a) | 500,000 | 564,215 |
4.95%, 10/15/58(a) | 700,000 | 912,919 |
Crown Castle International Corp. | ||
2.25%, 09/01/21(a) | 145,000 | 145,499 |
4.88%, 04/15/22 | 750,000 | 795,592 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.25%, 01/15/23 | 300,000 | 326,171 |
3.20%, 09/01/24(a) | 250,000 | 259,198 |
4.45%, 02/15/26(a) | 500,000 | 548,015 |
3.70%, 06/15/26(a) | 250,000 | 264,570 |
3.65%, 09/01/27(a) | 300,000 | 318,030 |
3.80%, 02/15/28(a) | 250,000 | 266,981 |
4.30%, 02/15/29(a) | 200,000 | 221,946 |
3.10%, 11/15/29(a) | 200,000 | 203,100 |
4.75%, 05/15/47(a) | 450,000 | 519,401 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30(f)(g) | 1,350,000 | 1,984,817 |
Discovery Communications LLC | ||
4.38%, 06/15/21 | 150,000 | 155,062 |
2.95%, 03/20/23(a) | 500,000 | 510,430 |
3.90%, 11/15/24(a) | 500,000 | 531,280 |
3.45%, 03/15/25(a) | 250,000 | 261,198 |
3.95%, 03/20/28(a) | 750,000 | 802,410 |
4.13%, 05/15/29(a) | 150,000 | 162,214 |
6.35%, 06/01/40 | 700,000 | 901,229 |
4.95%, 05/15/42 | 100,000 | 111,114 |
4.88%, 04/01/43 | 1,000,000 | 1,101,255 |
5.30%, 05/15/49(a) | 100,000 | 118,821 |
Electronic Arts, Inc. | ||
3.70%, 03/01/21(a) | 300,000 | 305,637 |
4.80%, 03/01/26(a) | 150,000 | 168,999 |
Fox Corp. | ||
3.67%, 01/25/22(e) | 500,000 | 517,068 |
4.03%, 01/25/24(a)(e) | 250,000 | 266,489 |
4.71%, 01/25/29(a)(e) | 650,000 | 742,215 |
5.48%, 01/25/39(a)(e) | 350,000 | 429,487 |
5.58%, 01/25/49(a)(e) | 500,000 | 638,242 |
Grupo Televisa S.A.B. | ||
6.63%, 03/18/25 | 500,000 | 585,922 |
6.63%, 01/15/40 | 500,000 | 625,260 |
6.13%, 01/31/46(a) | 250,000 | 302,315 |
5.25%, 05/24/49(a) | 200,000 | 216,731 |
Interpublic Group of Cos., Inc. | ||
3.75%, 02/15/23 | 500,000 | 522,877 |
4.20%, 04/15/24 | 150,000 | 161,549 |
5.40%, 10/01/48(a) | 150,000 | 184,415 |
Moody's Corp. | ||
2.75%, 12/15/21(a) | 650,000 | 659,633 |
4.50%, 09/01/22(a) | 76,000 | 80,380 |
4.88%, 02/15/24(a) | 100,000 | 109,951 |
3.25%, 01/15/28(a) | 150,000 | 157,448 |
4.25%, 02/01/29(a) | 250,000 | 283,543 |
4.88%, 12/17/48(a) | 200,000 | 246,923 |
NBCUniversal Media LLC | ||
4.38%, 04/01/21(c) | 900,000 | 928,647 |
5.95%, 04/01/41 | 1,150,000 | 1,587,132 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.63%, 05/01/22 | 500,000 | 518,013 |
3.65%, 11/01/24(a) | 250,000 | 264,451 |
3.60%, 04/15/26(a) | 500,000 | 529,302 |
Orange S.A. | ||
4.13%, 09/14/21 | 250,000 | 259,525 |
9.00%, 03/01/31 | 500,000 | 776,607 |
5.38%, 01/13/42 | 400,000 | 518,430 |
5.50%, 02/06/44(a) | 450,000 | 599,150 |
RELX Capital, Inc. | ||
3.13%, 10/15/22(a) | 250,000 | 257,730 |
3.50%, 03/16/23(a) | 250,000 | 260,501 |
4.00%, 03/18/29(a) | 350,000 | 381,425 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Rogers Communications, Inc. | ||
3.00%, 03/15/23(a) | 250,000 | 256,783 |
4.10%, 10/01/23(a) | 250,000 | 268,095 |
3.63%, 12/15/25(a) | 350,000 | 373,555 |
2.90%, 11/15/26(a) | 100,000 | 101,958 |
4.50%, 03/15/43(a) | 100,000 | 112,435 |
5.45%, 10/01/43(a) | 150,000 | 190,309 |
5.00%, 03/15/44(a) | 500,000 | 609,955 |
4.30%, 02/15/48(a) | 200,000 | 222,498 |
4.35%, 05/01/49(a) | 450,000 | 504,731 |
3.70%, 11/15/49(a) | 300,000 | 305,325 |
S&P Global, Inc. | ||
4.00%, 06/15/25(a) | 250,000 | 272,130 |
2.95%, 01/22/27(a) | 500,000 | 517,740 |
2.50%, 12/01/29(a) | 200,000 | 201,351 |
4.50%, 05/15/48(a) | 200,000 | 242,732 |
3.25%, 12/01/49(a) | 200,000 | 203,722 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 100,000 | 130,136 |
7.13%, 02/15/28 | 800,000 | 1,052,124 |
Telefonica Emisiones S.A. | ||
5.46%, 02/16/21 | 250,000 | 259,569 |
4.57%, 04/27/23 | 150,000 | 161,534 |
4.10%, 03/08/27 | 500,000 | 541,792 |
7.05%, 06/20/36 | 650,000 | 913,910 |
4.67%, 03/06/38 | 250,000 | 279,993 |
5.21%, 03/08/47 | 850,000 | 1,013,004 |
4.90%, 03/06/48 | 150,000 | 172,133 |
5.52%, 03/01/49(a) | 400,000 | 501,988 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 750,000 | 1,079,737 |
TELUS Corp. | ||
2.80%, 02/16/27(a) | 200,000 | 202,103 |
3.70%, 09/15/27(a) | 250,000 | 265,576 |
4.60%, 11/16/48(a) | 150,000 | 177,207 |
4.30%, 06/15/49(a) | 200,000 | 225,209 |
Thomson Reuters Corp. | ||
4.30%, 11/23/23(a) | 400,000 | 430,244 |
3.35%, 05/15/26(a) | 100,000 | 103,130 |
5.85%, 04/15/40 | 200,000 | 241,856 |
5.65%, 11/23/43(a) | 150,000 | 178,979 |
Time Warner Cable LLC | ||
4.13%, 02/15/21(a) | 500,000 | 508,385 |
4.00%, 09/01/21(a) | 350,000 | 358,383 |
6.55%, 05/01/37 | 500,000 | 620,372 |
7.30%, 07/01/38 | 450,000 | 589,738 |
6.75%, 06/15/39 | 400,000 | 505,896 |
5.88%, 11/15/40(a) | 1,000,000 | 1,169,235 |
5.50%, 09/01/41(a) | 250,000 | 281,435 |
4.50%, 09/15/42(a) | 150,000 | 153,759 |
Time Warner Entertainment Co. LP | ||
8.38%, 03/15/23 | 77,000 | 91,067 |
8.38%, 07/15/33 | 200,000 | 281,249 |
TWDC Enterprises 18 Corp. | ||
2.35%, 12/01/22 | 900,000 | 913,819 |
3.15%, 09/17/25 | 200,000 | 212,839 |
3.00%, 02/13/26 | 800,000 | 843,288 |
1.85%, 07/30/26 | 200,000 | 197,002 |
7.00%, 03/01/32 | 250,000 | 361,854 |
4.13%, 12/01/41 | 500,000 | 583,972 |
4.13%, 06/01/44 | 200,000 | 237,880 |
Verizon Communications, Inc. | ||
4.60%, 04/01/21 | 250,000 | 258,448 |
3.13%, 03/16/22 | 350,000 | 359,471 |
2.45%, 11/01/22(a) | 300,000 | 304,265 |
5.15%, 09/15/23 | 1,250,000 | 1,388,944 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.15%, 03/15/24(a) | 250,000 | 269,386 |
3.50%, 11/01/24(a) | 750,000 | 795,742 |
3.38%, 02/15/25 | 900,000 | 953,410 |
2.63%, 08/15/26 | 600,000 | 610,437 |
4.13%, 03/16/27 | 1,500,000 | 1,666,410 |
4.33%, 09/21/28 | 1,100,000 | 1,250,007 |
3.88%, 02/08/29(a) | 400,000 | 442,138 |
4.02%, 12/03/29(a) | 1,457,000 | 1,630,128 |
4.50%, 08/10/33 | 1,200,000 | 1,405,914 |
4.40%, 11/01/34(a) | 1,000,000 | 1,165,400 |
4.27%, 01/15/36 | 750,000 | 850,807 |
5.25%, 03/16/37 | 938,000 | 1,179,193 |
4.81%, 03/15/39 | 500,000 | 606,392 |
4.75%, 11/01/41 | 250,000 | 304,383 |
3.85%, 11/01/42(a) | 250,000 | 271,035 |
4.13%, 08/15/46 | 500,000 | 565,270 |
4.86%, 08/21/46 | 1,150,000 | 1,432,681 |
4.52%, 09/15/48 | 1,250,000 | 1,500,544 |
5.01%, 04/15/49 | 1,000,000 | 1,282,465 |
5.01%, 08/21/54 | 600,000 | 779,421 |
4.67%, 03/15/55 | 950,000 | 1,175,758 |
ViacomCBS, Inc. | ||
4.50%, 03/01/21 | 500,000 | 514,433 |
3.88%, 12/15/21 | 100,000 | 103,621 |
2.50%, 02/15/23(a) | 250,000 | 252,238 |
3.88%, 04/01/24(a) | 248,000 | 262,401 |
3.38%, 02/15/28(a) | 1,000,000 | 1,026,900 |
4.20%, 06/01/29(a) | 289,000 | 315,446 |
5.50%, 05/15/33 | 300,000 | 361,445 |
6.88%, 04/30/36 | 400,000 | 537,196 |
4.38%, 03/15/43 | 150,000 | 159,825 |
5.85%, 09/01/43(a) | 750,000 | 946,507 |
4.90%, 08/15/44(a) | 400,000 | 453,542 |
4.60%, 01/15/45(a) | 250,000 | 277,120 |
Vodafone Group PLC | ||
2.95%, 02/19/23 | 350,000 | 358,349 |
3.75%, 01/16/24 | 750,000 | 792,592 |
4.13%, 05/30/25 | 600,000 | 651,951 |
4.38%, 05/30/28 | 1,000,000 | 1,109,330 |
7.88%, 02/15/30 | 250,000 | 348,704 |
6.15%, 02/27/37 | 500,000 | 649,670 |
5.00%, 05/30/38 | 350,000 | 406,490 |
4.38%, 02/19/43 | 500,000 | 539,692 |
5.25%, 05/30/48 | 1,050,000 | 1,267,660 |
4.88%, 06/19/49 | 500,000 | 578,390 |
4.25%, 09/17/50 | 600,000 | 631,797 |
Walt Disney Co. | ||
4.50%, 02/15/21 | 250,000 | 257,593 |
1.65%, 09/01/22 | 250,000 | 249,555 |
3.00%, 09/15/22 | 100,000 | 103,159 |
1.75%, 08/30/24(a) | 250,000 | 247,913 |
3.70%, 09/15/24(a) | 250,000 | 267,710 |
3.70%, 10/15/25(a) | 600,000 | 649,794 |
2.00%, 09/01/29(a) | 375,000 | 364,628 |
6.20%, 12/15/34 | 1,000,000 | 1,409,650 |
6.40%, 12/15/35 | 250,000 | 358,859 |
6.15%, 03/01/37 | 200,000 | 280,505 |
6.65%, 11/15/37 | 500,000 | 744,717 |
4.75%, 09/15/44(a) | 140,000 | 178,254 |
4.95%, 10/15/45(a) | 385,000 | 509,351 |
2.75%, 09/01/49(a) | 300,000 | 284,199 |
Weibo Corp. | ||
3.50%, 07/05/24(a) | 250,000 | 254,508 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
WPP Finance 2010 | ||
3.63%, 09/07/22 | 250,000 | 259,379 |
3.75%, 09/19/24 | 300,000 | 316,610 |
164,556,940 | ||
Consumer Cyclical 1.8% | ||
Advance Auto Parts, Inc. | ||
4.50%, 12/01/23(a) | 250,000 | 268,455 |
Alibaba Group Holding Ltd. | ||
3.13%, 11/28/21(a) | 250,000 | 254,733 |
3.60%, 11/28/24(a) | 1,100,000 | 1,157,365 |
3.40%, 12/06/27(a) | 750,000 | 782,741 |
4.50%, 11/28/34(a) | 500,000 | 568,922 |
4.00%, 12/06/37(a) | 550,000 | 590,744 |
4.40%, 12/06/57(a) | 500,000 | 576,195 |
Amazon.com, Inc. | ||
3.30%, 12/05/21(a) | 800,000 | 822,640 |
2.50%, 11/29/22(a) | 500,000 | 509,702 |
2.40%, 02/22/23(a) | 1,450,000 | 1,472,127 |
2.80%, 08/22/24(a) | 500,000 | 517,920 |
5.20%, 12/03/25(a) | 100,000 | 116,802 |
3.15%, 08/22/27(a) | 250,000 | 265,036 |
4.80%, 12/05/34(a) | 550,000 | 693,459 |
3.88%, 08/22/37(a) | 250,000 | 284,371 |
4.95%, 12/05/44(a) | 500,000 | 656,702 |
4.05%, 08/22/47(a) | 1,200,000 | 1,421,094 |
4.25%, 08/22/57(a) | 1,000,000 | 1,218,950 |
American Honda Finance Corp. | ||
3.15%, 01/08/21 | 100,000 | 101,369 |
1.70%, 09/09/21 | 250,000 | 249,504 |
2.60%, 11/16/22 | 1,000,000 | 1,022,430 |
2.05%, 01/10/23 | 250,000 | 251,398 |
3.55%, 01/12/24 | 400,000 | 421,798 |
2.90%, 02/16/24 | 500,000 | 515,272 |
2.40%, 06/27/24 | 500,000 | 506,465 |
2.15%, 09/10/24 | 100,000 | 100,219 |
2.30%, 09/09/26 | 300,000 | 300,212 |
3.50%, 02/15/28 | 100,000 | 108,040 |
Aptiv Corp. | ||
4.15%, 03/15/24(a) | 540,000 | 574,428 |
Aptiv PLC | ||
4.35%, 03/15/29(a) | 150,000 | 163,096 |
4.40%, 10/01/46(a) | 150,000 | 146,305 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25(a) | 250,000 | 266,845 |
AutoNation, Inc. | ||
3.80%, 11/15/27(a) | 500,000 | 507,140 |
AutoZone, Inc. | ||
3.70%, 04/15/22(a) | 250,000 | 259,223 |
3.25%, 04/15/25(a) | 750,000 | 782,524 |
3.75%, 04/18/29(a) | 200,000 | 214,928 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28(a) | 200,000 | 219,638 |
Block Financial LLC | ||
5.50%, 11/01/22(a) | 95,000 | 102,027 |
5.25%, 10/01/25(a) | 250,000 | 275,014 |
Booking Holdings, Inc. | ||
2.75%, 03/15/23(a) | 250,000 | 255,581 |
3.60%, 06/01/26(a) | 395,000 | 422,640 |
3.55%, 03/15/28(a) | 250,000 | 266,966 |
BorgWarner, Inc. | ||
4.38%, 03/15/45(a) | 70,000 | 72,686 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29(a) | 200,000 | 201,725 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Costco Wholesale Corp. | ||
2.75%, 05/18/24(a) | 500,000 | 517,727 |
3.00%, 05/18/27(a) | 850,000 | 898,135 |
Cummins, Inc. | ||
4.88%, 10/01/43(a) | 150,000 | 186,307 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 500,000 | 744,940 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27(a) | 345,000 | 362,488 |
4.55%, 02/15/48(a) | 100,000 | 101,993 |
Dollar General Corp. | ||
3.25%, 04/15/23(a) | 250,000 | 258,578 |
4.15%, 11/01/25(a) | 89,000 | 97,062 |
3.88%, 04/15/27(a) | 200,000 | 214,941 |
4.13%, 05/01/28(a) | 250,000 | 275,479 |
Dollar Tree, Inc. | ||
3.70%, 05/15/23(a) | 500,000 | 521,280 |
4.00%, 05/15/25(a) | 150,000 | 160,613 |
4.20%, 05/15/28(a) | 500,000 | 537,735 |
DR Horton, Inc. | ||
4.38%, 09/15/22(a) | 100,000 | 104,867 |
4.75%, 02/15/23(a) | 90,000 | 96,057 |
5.75%, 08/15/23(a) | 100,000 | 110,721 |
2.50%, 10/15/24(a) | 200,000 | 200,216 |
eBay, Inc. | ||
2.88%, 08/01/21(a) | 46,000 | 46,581 |
3.80%, 03/09/22(a) | 500,000 | 517,210 |
2.60%, 07/15/22(a) | 150,000 | 151,508 |
3.60%, 06/05/27(a) | 1,000,000 | 1,048,280 |
4.00%, 07/15/42(a) | 200,000 | 198,310 |
Expedia Group, Inc. | ||
4.50%, 08/15/24(a) | 200,000 | 214,312 |
5.00%, 02/15/26(a) | 100,000 | 109,830 |
3.80%, 02/15/28(a) | 200,000 | 204,356 |
3.25%, 02/15/30(a)(e) | 700,000 | 676,501 |
Ford Motor Co. | ||
6.63%, 10/01/28 | 100,000 | 111,101 |
7.45%, 07/16/31 | 950,000 | 1,130,300 |
4.75%, 01/15/43 | 250,000 | 222,826 |
7.40%, 11/01/46 | 100,000 | 115,559 |
5.29%, 12/08/46(a) | 350,000 | 334,044 |
Ford Motor Credit Co. LLC | ||
5.09%, 01/07/21 | 250,000 | 256,026 |
3.47%, 04/05/21 | 600,000 | 605,400 |
5.88%, 08/02/21 | 1,750,000 | 1,832,101 |
3.81%, 10/12/21 | 200,000 | 203,527 |
5.60%, 01/07/22 | 200,000 | 210,671 |
3.22%, 01/09/22 | 200,000 | 201,532 |
2.98%, 08/03/22(a) | 200,000 | 200,291 |
4.14%, 02/15/23(a) | 1,000,000 | 1,029,285 |
3.10%, 05/04/23 | 250,000 | 249,634 |
4.38%, 08/06/23 | 250,000 | 259,876 |
3.81%, 01/09/24(a) | 200,000 | 203,309 |
5.58%, 03/18/24(a) | 450,000 | 486,097 |
3.66%, 09/08/24 | 200,000 | 200,923 |
4.06%, 11/01/24(a) | 500,000 | 510,907 |
4.69%, 06/09/25(a) | 1,000,000 | 1,041,175 |
4.13%, 08/04/25 | 1,450,000 | 1,471,358 |
4.54%, 08/01/26(a) | 200,000 | 204,676 |
3.82%, 11/02/27(a) | 500,000 | 484,370 |
5.11%, 05/03/29(a) | 450,000 | 464,312 |
General Motors Co. | ||
4.88%, 10/02/23 | 1,100,000 | 1,185,327 |
4.00%, 04/01/25 | 400,000 | 420,994 |
4.20%, 10/01/27(a) | 250,000 | 260,930 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.00%, 10/01/28(a) | 250,000 | 272,480 |
5.00%, 04/01/35 | 500,000 | 518,042 |
6.60%, 04/01/36(a) | 150,000 | 177,570 |
5.15%, 04/01/38(a) | 550,000 | 569,332 |
6.25%, 10/02/43 | 600,000 | 672,555 |
5.20%, 04/01/45 | 300,000 | 304,455 |
6.75%, 04/01/46(a) | 200,000 | 235,920 |
5.95%, 04/01/49(a) | 200,000 | 222,918 |
General Motors Financial Co., Inc. | ||
4.20%, 03/01/21(a) | 200,000 | 204,275 |
3.20%, 07/06/21(a) | 1,250,000 | 1,266,787 |
4.38%, 09/25/21 | 900,000 | 932,346 |
3.45%, 01/14/22(a) | 750,000 | 767,021 |
3.45%, 04/10/22(a) | 200,000 | 204,687 |
3.15%, 06/30/22(a) | 500,000 | 509,710 |
3.25%, 01/05/23(a) | 500,000 | 511,427 |
3.70%, 05/09/23(a) | 100,000 | 103,252 |
5.10%, 01/17/24(a) | 150,000 | 162,889 |
3.50%, 11/07/24(a) | 250,000 | 257,628 |
4.35%, 04/09/25(a) | 61,000 | 65,208 |
5.25%, 03/01/26(a) | 375,000 | 416,284 |
4.35%, 01/17/27(a) | 1,250,000 | 1,310,925 |
3.85%, 01/05/28(a) | 1,000,000 | 1,019,435 |
5.65%, 01/17/29(a) | 150,000 | 170,608 |
GLP Capital LP/GLP Financing II, Inc. | ||
4.38%, 04/15/21(a) | 60,000 | 61,147 |
5.38%, 11/01/23(a) | 300,000 | 328,005 |
3.35%, 09/01/24(a) | 100,000 | 102,338 |
5.25%, 06/01/25(a) | 500,000 | 550,542 |
5.75%, 06/01/28(a) | 350,000 | 398,200 |
5.30%, 01/15/29(a) | 200,000 | 222,704 |
4.00%, 01/15/30(a) | 250,000 | 256,591 |
Harley-Davidson, Inc. | ||
4.63%, 07/28/45(a) | 250,000 | 263,433 |
Home Depot, Inc. | ||
2.00%, 04/01/21(a) | 800,000 | 802,704 |
4.40%, 04/01/21(a) | 250,000 | 256,601 |
2.63%, 06/01/22(a) | 850,000 | 866,532 |
2.70%, 04/01/23(a) | 200,000 | 205,144 |
3.75%, 02/15/24(a) | 500,000 | 534,962 |
2.13%, 09/15/26(a) | 250,000 | 249,840 |
2.95%, 06/15/29(a) | 650,000 | 677,761 |
5.88%, 12/16/36 | 1,700,000 | 2,350,173 |
5.40%, 09/15/40(a) | 100,000 | 132,320 |
5.95%, 04/01/41(a) | 500,000 | 707,650 |
4.20%, 04/01/43(a) | 250,000 | 290,326 |
4.88%, 02/15/44(a) | 1,500,000 | 1,911,570 |
4.40%, 03/15/45(a) | 150,000 | 179,822 |
3.90%, 06/15/47(a) | 100,000 | 113,594 |
Hyatt Hotels Corp. | ||
3.38%, 07/15/23(a) | 150,000 | 154,704 |
4.85%, 03/15/26(a) | 150,000 | 166,496 |
IHS Markit Ltd. | ||
3.63%, 05/01/24(a) | 250,000 | 260,696 |
4.75%, 08/01/28(a) | 250,000 | 279,115 |
4.25%, 05/01/29(a) | 350,000 | 379,090 |
Kohl's Corp. | ||
3.25%, 02/01/23(a) | 250,000 | 254,401 |
4.25%, 07/17/25(a) | 550,000 | 585,076 |
Las Vegas Sands Corp. | ||
3.20%, 08/08/24(a) | 550,000 | 567,726 |
2.90%, 06/25/25(a) | 200,000 | 202,667 |
3.50%, 08/18/26(a) | 350,000 | 362,399 |
3.90%, 08/08/29(a) | 200,000 | 209,591 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Lear Corp. | ||
5.25%, 01/15/25(a) | 300,000 | 308,453 |
3.80%, 09/15/27(a) | 150,000 | 152,678 |
4.25%, 05/15/29(a) | 150,000 | 155,432 |
5.25%, 05/15/49(a) | 100,000 | 104,434 |
Lowe's Cos., Inc. | ||
3.12%, 04/15/22(a) | 500,000 | 512,685 |
3.38%, 09/15/25(a) | 1,000,000 | 1,057,635 |
3.10%, 05/03/27(a) | 500,000 | 517,842 |
6.50%, 03/15/29 | 251,000 | 321,453 |
3.65%, 04/05/29(a) | 400,000 | 427,856 |
4.65%, 04/15/42(a) | 150,000 | 172,753 |
4.25%, 09/15/44(a) | 100,000 | 108,787 |
4.38%, 09/15/45(a) | 150,000 | 167,273 |
3.70%, 04/15/46(a) | 250,000 | 255,840 |
4.05%, 05/03/47(a) | 800,000 | 866,236 |
4.55%, 04/05/49(a) | 500,000 | 590,050 |
Macy's Retail Holdings, Inc. | ||
3.45%, 01/15/21(a) | 150,000 | 151,382 |
3.88%, 01/15/22(a) | 250,000 | 255,464 |
2.88%, 02/15/23(a) | 200,000 | 199,178 |
3.63%, 06/01/24(a)(i) | 323,000 | 326,506 |
4.50%, 12/15/34(a) | 30,000 | 28,721 |
Magna International, Inc. | ||
3.63%, 06/15/24(a) | 250,000 | 264,389 |
4.15%, 10/01/25(a) | 250,000 | 271,889 |
Marriott International, Inc. | ||
2.88%, 03/01/21(a) | 45,000 | 45,429 |
3.13%, 10/15/21(a) | 200,000 | 203,367 |
3.60%, 04/15/24(a) | 200,000 | 210,349 |
3.75%, 03/15/25(a) | 1,250,000 | 1,324,850 |
4.65%, 12/01/28(a) | 150,000 | 169,833 |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 450,000 | 478,042 |
2.00%, 03/03/25(a) | 200,000 | 199,667 |
2.95%, 11/21/26(a) | 500,000 | 522,595 |
2.95%, 06/01/29(a) | 350,000 | 365,787 |
3.80%, 11/21/46(a) | 500,000 | 564,967 |
3.65%, 06/01/49(a) | 200,000 | 223,149 |
McDonald's Corp. | ||
2.63%, 01/15/22 | 400,000 | 405,936 |
3.35%, 04/01/23(a) | 400,000 | 416,470 |
3.38%, 05/26/25(a) | 600,000 | 634,506 |
3.50%, 03/01/27(a) | 100,000 | 106,788 |
3.80%, 04/01/28(a) | 600,000 | 654,114 |
2.63%, 09/01/29(a) | 400,000 | 401,042 |
4.70%, 12/09/35(a) | 150,000 | 178,767 |
6.30%, 10/15/37 | 100,000 | 136,325 |
6.30%, 03/01/38 | 150,000 | 204,945 |
3.63%, 05/01/43 | 150,000 | 152,171 |
4.88%, 12/09/45(a) | 1,100,000 | 1,337,721 |
4.45%, 03/01/47(a) | 250,000 | 287,363 |
4.45%, 09/01/48(a) | 500,000 | 577,592 |
3.63%, 09/01/49(a) | 450,000 | 461,367 |
NIKE, Inc. | ||
2.25%, 05/01/23(a) | 200,000 | 203,412 |
2.38%, 11/01/26(a) | 250,000 | 254,428 |
3.63%, 05/01/43(a) | 50,000 | 54,323 |
3.88%, 11/01/45(a) | 400,000 | 457,922 |
3.38%, 11/01/46(a) | 150,000 | 159,318 |
Nordstrom, Inc. | ||
4.00%, 10/15/21(a) | 300,000 | 307,988 |
4.38%, 04/01/30(a) | 75,000 | 76,564 |
5.00%, 01/15/44(a) | 500,000 | 491,672 |
NVR, Inc. | ||
3.95%, 09/15/22(a) | 171,000 | 178,611 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
O'Reilly Automotive, Inc. | ||
4.88%, 01/14/21(a) | 150,000 | 153,308 |
4.63%, 09/15/21(a) | 150,000 | 155,690 |
3.55%, 03/15/26(a) | 500,000 | 529,677 |
4.35%, 06/01/28(a) | 59,000 | 65,835 |
3.90%, 06/01/29(a) | 150,000 | 164,161 |
PACCAR Financial Corp. | ||
3.15%, 08/09/21 | 750,000 | 766,076 |
2.65%, 05/10/22 | 250,000 | 254,839 |
2.30%, 08/10/22 | 200,000 | 202,348 |
2.15%, 08/15/24 | 50,000 | 49,933 |
QVC, Inc. | ||
5.13%, 07/02/22 | 200,000 | 210,917 |
4.38%, 03/15/23 | 300,000 | 309,897 |
4.85%, 04/01/24 | 22,000 | 23,129 |
4.45%, 02/15/25(a) | 63,000 | 65,220 |
5.45%, 08/15/34(a) | 200,000 | 192,766 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25(a) | 200,000 | 215,939 |
Royal Caribbean Cruises Ltd. | ||
5.25%, 11/15/22 | 250,000 | 270,704 |
3.70%, 03/15/28(a) | 250,000 | 258,875 |
Sands China Ltd. | ||
4.60%, 08/08/23(a) | 750,000 | 792,825 |
5.13%, 08/08/25(a) | 250,000 | 275,521 |
5.40%, 08/08/28(a) | 500,000 | 565,177 |
Starbucks Corp. | ||
2.10%, 02/04/21(a) | 350,000 | 350,865 |
2.70%, 06/15/22(a) | 500,000 | 510,087 |
3.10%, 03/01/23(a) | 250,000 | 258,228 |
3.85%, 10/01/23(a) | 300,000 | 318,591 |
3.50%, 03/01/28(a) | 350,000 | 375,851 |
4.00%, 11/15/28(a) | 250,000 | 277,659 |
3.55%, 08/15/29(a) | 500,000 | 542,972 |
3.75%, 12/01/47(a) | 500,000 | 516,387 |
4.45%, 08/15/49(a) | 350,000 | 406,738 |
Tapestry, Inc. | ||
4.25%, 04/01/25(a) | 250,000 | 264,509 |
4.13%, 07/15/27(a) | 200,000 | 204,716 |
Target Corp. | ||
2.90%, 01/15/22 | 250,000 | 256,015 |
3.50%, 07/01/24 | 600,000 | 643,629 |
2.50%, 04/15/26 | 100,000 | 102,477 |
3.38%, 04/15/29(a) | 525,000 | 571,554 |
6.35%, 11/01/32 | 60,000 | 83,705 |
4.00%, 07/01/42 | 500,000 | 576,255 |
3.63%, 04/15/46 | 400,000 | 438,684 |
3.90%, 11/15/47(a) | 500,000 | 576,880 |
TJX Cos., Inc. | ||
2.50%, 05/15/23(a) | 350,000 | 356,533 |
2.25%, 09/15/26(a) | 300,000 | 301,710 |
Toyota Motor Corp. | ||
3.18%, 07/20/21 | 250,000 | 255,394 |
2.16%, 07/02/22 | 100,000 | 100,784 |
3.42%, 07/20/23 | 250,000 | 262,220 |
2.36%, 07/02/24 | 150,000 | 152,198 |
2.76%, 07/02/29 | 150,000 | 154,394 |
Toyota Motor Credit Corp. | ||
4.25%, 01/11/21 | 250,000 | 256,238 |
1.90%, 04/08/21 | 350,000 | 350,592 |
2.95%, 04/13/21 | 300,000 | 304,526 |
3.40%, 09/15/21 | 1,100,000 | 1,129,771 |
2.60%, 01/11/22 | 450,000 | 457,213 |
3.30%, 01/12/22 | 250,000 | 257,321 |
2.80%, 07/13/22 | 500,000 | 511,960 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.70%, 01/11/23 | 500,000 | 511,072 |
3.45%, 09/20/23 | 400,000 | 420,716 |
2.90%, 04/17/24 | 350,000 | 363,099 |
3.20%, 01/11/27 | 250,000 | 264,971 |
3.05%, 01/11/28 | 250,000 | 264,156 |
3.65%, 01/08/29 | 400,000 | 439,542 |
TWDC Enterprises 18 Corp. | ||
4.38%, 08/16/41 | 500,000 | 598,942 |
Visa, Inc. | ||
2.15%, 09/15/22(a) | 500,000 | 505,972 |
2.80%, 12/14/22(a) | 500,000 | 514,772 |
3.15%, 12/14/25(a) | 900,000 | 953,014 |
2.75%, 09/15/27(a) | 100,000 | 104,426 |
4.15%, 12/14/35(a) | 1,500,000 | 1,772,220 |
4.30%, 12/14/45(a) | 750,000 | 925,740 |
Walgreen Co. | ||
4.40%, 09/15/42 | 150,000 | 150,882 |
Walgreens Boots Alliance, Inc. | ||
3.30%, 11/18/21(a) | 600,000 | 611,955 |
3.80%, 11/18/24(a) | 1,000,000 | 1,041,285 |
3.45%, 06/01/26(a) | 500,000 | 508,992 |
4.50%, 11/18/34(a) | 150,000 | 156,140 |
4.80%, 11/18/44(a) | 450,000 | 458,469 |
4.65%, 06/01/46(a) | 250,000 | 252,265 |
Walmart, Inc. | ||
2.35%, 12/15/22(a) | 650,000 | 661,635 |
2.55%, 04/11/23(a) | 1,750,000 | 1,785,499 |
2.85%, 07/08/24(a) | 200,000 | 207,435 |
2.65%, 12/15/24(a) | 1,250,000 | 1,291,837 |
3.55%, 06/26/25(a) | 100,000 | 107,431 |
3.70%, 06/26/28(a) | 2,500,000 | 2,757,675 |
3.25%, 07/08/29(a) | 500,000 | 538,077 |
2.38%, 09/24/29(a) | 150,000 | 150,734 |
5.25%, 09/01/35 | 1,000,000 | 1,323,235 |
6.20%, 04/15/38 | 150,000 | 219,446 |
3.95%, 06/28/38(a) | 850,000 | 990,305 |
5.63%, 04/15/41 | 150,000 | 214,474 |
4.30%, 04/22/44(a) | 300,000 | 362,172 |
3.63%, 12/15/47(a) | 600,000 | 666,639 |
4.05%, 06/29/48(a) | 900,000 | 1,070,172 |
2.95%, 09/24/49(a) | 400,000 | 397,962 |
Western Union Co. | ||
4.25%, 06/09/23(a) | 750,000 | 792,690 |
130,367,540 | ||
Consumer Non-Cyclical 4.1% | ||
Abbott Laboratories | ||
2.55%, 03/15/22 | 300,000 | 304,985 |
3.40%, 11/30/23(a) | 850,000 | 895,262 |
3.75%, 11/30/26(a) | 708,000 | 774,729 |
4.75%, 11/30/36(a) | 750,000 | 936,840 |
5.30%, 05/27/40 | 150,000 | 198,968 |
4.75%, 04/15/43(a) | 150,000 | 188,894 |
4.90%, 11/30/46(a) | 1,250,000 | 1,643,337 |
AbbVie, Inc. | ||
2.15%, 11/19/21(e) | 500,000 | 501,462 |
2.90%, 11/06/22 | 625,000 | 638,387 |
3.20%, 11/06/22(a) | 300,000 | 308,666 |
2.30%, 11/21/22(e) | 1,000,000 | 1,005,245 |
2.85%, 05/14/23(a) | 1,450,000 | 1,480,044 |
2.60%, 11/21/24(a)(e) | 1,200,000 | 1,211,220 |
3.60%, 05/14/25(a) | 600,000 | 634,119 |
3.20%, 05/14/26(a) | 200,000 | 207,330 |
2.95%, 11/21/26(a)(e) | 1,275,000 | 1,297,631 |
4.25%, 11/14/28(a) | 1,250,000 | 1,387,069 |
3.20%, 11/21/29(a)(e) | 1,800,000 | 1,837,809 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.50%, 05/14/35(a) | 1,500,000 | 1,691,865 |
4.30%, 05/14/36(a) | 1,500,000 | 1,652,190 |
4.05%, 11/21/39(a)(e) | 1,300,000 | 1,366,729 |
4.40%, 11/06/42 | 500,000 | 543,962 |
4.70%, 05/14/45(a) | 450,000 | 503,491 |
4.88%, 11/14/48(a) | 569,000 | 658,236 |
4.25%, 11/21/49(a)(e) | 1,900,000 | 2,018,170 |
Adventist Health System | ||
2.95%, 03/01/29(a) | 200,000 | 198,266 |
3.63%, 03/01/49(a) | 100,000 | 98,134 |
Advocate Health & Hospitals Corp. | ||
3.39%, 10/15/49(a) | 150,000 | 150,453 |
Agilent Technologies, Inc. | ||
3.20%, 10/01/22(a) | 150,000 | 153,719 |
2.75%, 09/15/29(a) | 350,000 | 348,658 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 250,000 | 330,203 |
Allergan Finance LLC | ||
3.25%, 10/01/22(a) | 750,000 | 767,220 |
Allergan Funding SCS | ||
3.45%, 03/15/22(a) | 1,000,000 | 1,023,605 |
3.85%, 06/15/24(a) | 500,000 | 526,025 |
4.55%, 03/15/35(a) | 690,000 | 748,001 |
4.85%, 06/15/44(a) | 500,000 | 555,890 |
4.75%, 03/15/45(a) | 168,000 | 183,993 |
Allergan, Inc. | ||
2.80%, 03/15/23(a) | 800,000 | 805,076 |
Altria Group, Inc. | ||
4.75%, 05/05/21 | 512,000 | 530,504 |
2.85%, 08/09/22 | 600,000 | 611,550 |
2.95%, 05/02/23 | 550,000 | 565,403 |
4.00%, 01/31/24 | 550,000 | 583,861 |
3.80%, 02/14/24(a) | 250,000 | 263,296 |
4.40%, 02/14/26(a) | 250,000 | 271,700 |
2.63%, 09/16/26(a) | 150,000 | 148,540 |
4.80%, 02/14/29(a) | 1,050,000 | 1,170,262 |
5.80%, 02/14/39(a) | 600,000 | 706,938 |
4.25%, 08/09/42 | 350,000 | 347,496 |
4.50%, 05/02/43 | 200,000 | 204,477 |
5.38%, 01/31/44 | 450,000 | 508,858 |
3.88%, 09/16/46(a) | 500,000 | 469,635 |
5.95%, 02/14/49(a) | 650,000 | 788,928 |
6.20%, 02/14/59(a) | 350,000 | 419,772 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24(a) | 150,000 | 156,255 |
3.45%, 12/15/27(a) | 1,000,000 | 1,044,165 |
Amgen, Inc. | ||
4.10%, 06/15/21(a) | 750,000 | 769,729 |
1.85%, 08/19/21(a) | 1,500,000 | 1,499,100 |
3.88%, 11/15/21(a) | 500,000 | 515,852 |
3.63%, 05/22/24(a) | 650,000 | 687,866 |
2.60%, 08/19/26(a) | 250,000 | 253,550 |
3.20%, 11/02/27(a) | 150,000 | 158,134 |
4.95%, 10/01/41 | 500,000 | 603,820 |
5.15%, 11/15/41(a) | 850,000 | 1,042,695 |
4.40%, 05/01/45(a) | 650,000 | 730,941 |
4.56%, 06/15/48(a) | 150,000 | 175,019 |
4.66%, 06/15/51(a) | 1,200,000 | 1,415,712 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26(a) | 1,400,000 | 1,495,816 |
4.70%, 02/01/36(a) | 1,850,000 | 2,146,694 |
4.90%, 02/01/46(a) | 2,800,000 | 3,336,872 |
Anheuser-Busch InBev Finance, Inc. | ||
3.30%, 02/01/23(a) | 914,000 | 947,466 |
3.70%, 02/01/24 | 450,000 | 477,792 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.65%, 02/01/26(a) | 500,000 | 532,717 |
4.70%, 02/01/36(a) | 237,000 | 273,263 |
4.00%, 01/17/43 | 150,000 | 159,452 |
4.63%, 02/01/44 | 500,000 | 570,202 |
4.90%, 02/01/46(a) | 200,000 | 236,458 |
Anheuser-Busch InBev Worldwide, Inc. | ||
2.50%, 07/15/22 | 173,000 | 175,813 |
3.50%, 01/12/24(a) | 250,000 | 263,573 |
4.15%, 01/23/25(a) | 450,000 | 490,304 |
4.00%, 04/13/28(a) | 850,000 | 935,892 |
4.75%, 01/23/29(a) | 1,275,000 | 1,481,225 |
4.90%, 01/23/31(a) | 250,000 | 298,494 |
4.38%, 04/15/38(a) | 750,000 | 846,022 |
8.20%, 01/15/39 | 200,000 | 317,294 |
5.45%, 01/23/39(a) | 900,000 | 1,133,995 |
4.95%, 01/15/42 | 290,000 | 343,915 |
3.75%, 07/15/42 | 250,000 | 256,068 |
4.60%, 04/15/48(a) | 900,000 | 1,028,560 |
4.44%, 10/06/48(a) | 700,000 | 786,149 |
5.55%, 01/23/49(a) | 1,250,000 | 1,625,919 |
4.75%, 04/15/58(a) | 500,000 | 585,925 |
5.80%, 01/23/59(a) | 750,000 | 1,027,402 |
Archer-Daniels-Midland Co. | ||
3.38%, 03/15/22(a) | 250,000 | 257,786 |
2.50%, 08/11/26(a) | 900,000 | 916,474 |
4.54%, 03/26/42 | 200,000 | 237,750 |
4.02%, 04/16/43 | 200,000 | 223,536 |
3.75%, 09/15/47(a) | 150,000 | 163,712 |
4.50%, 03/15/49(a) | 150,000 | 184,521 |
Ascension Health | ||
3.11%, 11/15/39(a) | 100,000 | 98,788 |
3.95%, 11/15/46 | 650,000 | 733,460 |
AstraZeneca PLC | ||
2.38%, 06/12/22(a) | 1,000,000 | 1,011,495 |
3.38%, 11/16/25 | 200,000 | 212,958 |
6.45%, 09/15/37 | 1,650,000 | 2,339,749 |
4.00%, 09/18/42 | 150,000 | 166,522 |
4.38%, 08/17/48(a) | 250,000 | 297,758 |
BAT Capital Corp. | ||
2.76%, 08/15/22(a) | 1,800,000 | 1,827,522 |
3.22%, 08/15/24(a) | 1,150,000 | 1,177,232 |
2.79%, 09/06/24(a) | 300,000 | 302,391 |
3.22%, 09/06/26(a) | 300,000 | 302,565 |
3.56%, 08/15/27(a) | 600,000 | 613,518 |
3.46%, 09/06/29(a) | 150,000 | 152,069 |
4.54%, 08/15/47(a) | 350,000 | 352,053 |
4.76%, 09/06/49(a) | 300,000 | 310,713 |
Baxalta, Inc. | ||
4.00%, 06/23/25(a) | 300,000 | 323,829 |
5.25%, 06/23/45(a) | 298,000 | 380,932 |
Baxter International, Inc. | ||
1.70%, 08/15/21(a) | 250,000 | 249,953 |
3.50%, 08/15/46(a) | 250,000 | 244,195 |
Baylor Scott & White Holdings | ||
4.19%, 11/15/45(a) | 400,000 | 449,956 |
Becton Dickinson & Co. | ||
3.13%, 11/08/21 | 250,000 | 255,018 |
2.89%, 06/06/22(a) | 950,000 | 966,221 |
3.73%, 12/15/24(a) | 1,000,000 | 1,063,105 |
3.70%, 06/06/27(a) | 131,000 | 139,626 |
4.69%, 12/15/44(a) | 400,000 | 468,956 |
4.67%, 06/06/47(a) | 500,000 | 596,617 |
Biogen, Inc. | ||
4.05%, 09/15/25(a) | 1,000,000 | 1,088,910 |
5.20%, 09/15/45(a) | 500,000 | 605,335 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Boston Scientific Corp. | ||
3.45%, 03/01/24(a) | 350,000 | 366,982 |
3.85%, 05/15/25 | 400,000 | 430,234 |
3.75%, 03/01/26(a) | 250,000 | 268,493 |
4.00%, 03/01/28(a) | 300,000 | 329,748 |
4.00%, 03/01/29(a) | 400,000 | 443,334 |
7.00%, 11/15/35(f)(g) | 150,000 | 211,189 |
4.55%, 03/01/39(a) | 250,000 | 294,540 |
4.70%, 03/01/49(a) | 250,000 | 304,594 |
Bristol-Myers Squibb Co. | ||
2.88%, 02/19/21(e) | 150,000 | 151,787 |
2.55%, 05/14/21(e) | 400,000 | 404,050 |
2.60%, 05/16/22(e) | 750,000 | 762,840 |
3.55%, 08/15/22(e) | 1,000,000 | 1,040,800 |
3.63%, 05/15/24(a)(e) | 1,000,000 | 1,057,710 |
2.90%, 07/26/24(a)(e) | 700,000 | 722,774 |
3.88%, 08/15/25(a)(e) | 250,000 | 270,694 |
3.20%, 06/15/26(a)(e) | 1,000,000 | 1,051,355 |
3.25%, 02/27/27 | 250,000 | 267,741 |
3.45%, 11/15/27(a)(e) | 500,000 | 533,762 |
3.90%, 02/20/28(a)(e) | 250,000 | 274,301 |
3.40%, 07/26/29(a)(e) | 1,250,000 | 1,340,244 |
4.13%, 06/15/39(a)(e) | 250,000 | 288,748 |
3.25%, 08/01/42 | 350,000 | 354,760 |
5.25%, 08/15/43(e) | 250,000 | 322,003 |
4.50%, 03/01/44(a) | 600,000 | 722,121 |
5.00%, 08/15/45(a)(e) | 600,000 | 770,211 |
4.35%, 11/15/47(a)(e) | 750,000 | 893,287 |
4.55%, 02/20/48(a)(e) | 500,000 | 614,767 |
4.25%, 10/26/49(a)(e) | 1,000,000 | 1,190,340 |
Brown-Forman Corp. | ||
4.00%, 04/15/38(a) | 500,000 | 562,077 |
Bunge Ltd. Finance Corp. | ||
3.00%, 09/25/22(a) | 250,000 | 253,818 |
3.75%, 09/25/27(a) | 600,000 | 614,226 |
Campbell Soup Co. | ||
3.30%, 03/15/21 | 100,000 | 101,515 |
2.50%, 08/02/22 | 350,000 | 353,059 |
4.15%, 03/15/28(a) | 1,000,000 | 1,086,285 |
3.80%, 08/02/42 | 100,000 | 98,360 |
4.80%, 03/15/48(a) | 150,000 | 174,399 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24(a) | 822,000 | 847,059 |
3.75%, 09/15/25(a) | 250,000 | 266,304 |
3.41%, 06/15/27(a) | 600,000 | 614,727 |
4.90%, 09/15/45(a) | 500,000 | 525,862 |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 150,000 | 170,945 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27(a) | 750,000 | 778,567 |
Cigna Corp. | ||
3.40%, 09/17/21 | 500,000 | 511,917 |
4.75%, 11/15/21(e) | 242,000 | 253,742 |
3.90%, 02/15/22(e) | 194,000 | 201,002 |
4.00%, 02/15/22(a)(e) | 388,000 | 400,977 |
3.05%, 11/30/22(a)(e) | 339,000 | 347,260 |
3.00%, 07/15/23(a)(e) | 485,000 | 496,371 |
3.75%, 07/15/23(a) | 1,000,000 | 1,050,210 |
4.13%, 11/15/25(a) | 750,000 | 814,777 |
4.50%, 02/25/26(a)(e) | 485,000 | 533,859 |
3.40%, 03/01/27(a)(e) | 485,000 | 504,298 |
3.05%, 10/15/27(a)(e) | 291,000 | 295,094 |
4.38%, 10/15/28(a) | 1,000,000 | 1,111,105 |
4.80%, 08/15/38(a) | 500,000 | 583,715 |
6.13%, 11/15/41(e) | 145,000 | 185,288 |
4.80%, 07/15/46(a)(e) | 630,000 | 731,965 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.88%, 10/15/47(a)(e) | 339,000 | 347,641 |
4.90%, 12/15/48(a) | 1,000,000 | 1,197,890 |
City of Hope | ||
Series 2013 | ||
5.62%, 11/15/43 | 150,000 | 201,995 |
Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 450,000 | 561,015 |
Clorox Co. | ||
3.90%, 05/15/28(a) | 550,000 | 608,451 |
Coca-Cola Co. | ||
3.30%, 09/01/21 | 550,000 | 563,937 |
2.20%, 05/25/22 | 250,000 | 252,516 |
2.50%, 04/01/23 | 250,000 | 255,470 |
3.20%, 11/01/23 | 1,250,000 | 1,314,044 |
1.75%, 09/06/24 | 300,000 | 298,922 |
2.88%, 10/27/25 | 250,000 | 261,816 |
2.90%, 05/25/27 | 150,000 | 157,298 |
2.13%, 09/06/29 | 400,000 | 390,886 |
Coca-Cola Femsa S.A.B. de C.V. | ||
5.25%, 11/26/43 | 600,000 | 738,105 |
Colgate-Palmolive Co. | ||
2.10%, 05/01/23 | 500,000 | 504,035 |
3.25%, 03/15/24 | 500,000 | 529,300 |
3.70%, 08/01/47(a) | 200,000 | 231,788 |
CommonSpirit Health | ||
2.76%, 10/01/24(a) | 100,000 | 101,095 |
3.35%, 10/01/29(a) | 300,000 | 303,287 |
3.82%, 10/01/49(a) | 250,000 | 246,374 |
4.19%, 10/01/49(a) | 300,000 | 303,783 |
Conagra Brands, Inc. | ||
3.80%, 10/22/21 | 250,000 | 257,950 |
3.20%, 01/25/23(a) | 533,000 | 549,030 |
4.30%, 05/01/24(a) | 450,000 | 484,641 |
4.60%, 11/01/25(a) | 250,000 | 276,413 |
4.85%, 11/01/28(a) | 500,000 | 573,680 |
5.30%, 11/01/38(a) | 250,000 | 297,265 |
5.40%, 11/01/48(a) | 350,000 | 429,644 |
Constellation Brands, Inc. | ||
2.65%, 11/07/22(a) | 250,000 | 253,789 |
3.20%, 02/15/23(a) | 350,000 | 359,546 |
4.25%, 05/01/23 | 500,000 | 531,610 |
4.75%, 11/15/24 | 250,000 | 276,563 |
4.40%, 11/15/25(a) | 350,000 | 383,066 |
4.75%, 12/01/25 | 200,000 | 223,335 |
3.70%, 12/06/26(a) | 200,000 | 212,636 |
4.65%, 11/15/28(a) | 250,000 | 281,569 |
3.15%, 08/01/29(a) | 250,000 | 253,323 |
4.10%, 02/15/48(a) | 150,000 | 157,184 |
5.25%, 11/15/48(a) | 200,000 | 244,731 |
CVS Health Corp. | ||
3.35%, 03/09/21 | 532,000 | 540,573 |
2.13%, 06/01/21(a) | 750,000 | 751,474 |
3.50%, 07/20/22(a) | 250,000 | 258,250 |
2.75%, 12/01/22(a) | 250,000 | 254,180 |
3.70%, 03/09/23(a) | 2,250,000 | 2,343,476 |
4.00%, 12/05/23(a) | 500,000 | 530,052 |
3.38%, 08/12/24(a) | 1,000,000 | 1,042,450 |
2.63%, 08/15/24(a) | 300,000 | 303,459 |
4.10%, 03/25/25(a) | 500,000 | 538,045 |
3.88%, 07/20/25(a) | 950,000 | 1,014,025 |
2.88%, 06/01/26(a) | 1,250,000 | 1,269,394 |
3.00%, 08/15/26(a) | 250,000 | 255,483 |
4.30%, 03/25/28(a) | 2,570,000 | 2,813,135 |
3.25%, 08/15/29(a) | 500,000 | 510,760 |
4.88%, 07/20/35(a) | 250,000 | 287,528 |
4.78%, 03/25/38(a) | 1,450,000 | 1,651,883 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.30%, 12/05/43(a) | 700,000 | 843,055 |
5.13%, 07/20/45(a) | 1,200,000 | 1,424,514 |
5.05%, 03/25/48(a) | 2,400,000 | 2,850,252 |
Danaher Corp. | ||
3.35%, 09/15/25(a) | 150,000 | 159,700 |
Dartmouth-Hitchcock Health | ||
Series B | ||
4.18%, 08/01/48(a) | 750,000 | 830,164 |
DH Europe Finance II Sarl | ||
2.05%, 11/15/22 | 250,000 | 250,636 |
2.20%, 11/15/24(a) | 250,000 | 250,658 |
2.60%, 11/15/29(a) | 250,000 | 249,955 |
3.25%, 11/15/39(a) | 250,000 | 253,463 |
3.40%, 11/15/49(a) | 600,000 | 616,872 |
Diageo Capital PLC | ||
2.13%, 10/24/24(a) | 450,000 | 449,854 |
3.88%, 05/18/28(a) | 450,000 | 495,706 |
2.38%, 10/24/29(a) | 200,000 | 197,593 |
5.88%, 09/30/36 | 1,000,000 | 1,363,420 |
Dignity Health | ||
3.13%, 11/01/22 | 250,000 | 255,861 |
Dr Pepper Snapple Group, Inc. | ||
3.43%, 06/15/27(a) | 150,000 | 156,734 |
Duke University Health System, Inc. | ||
Series 2017 | ||
3.92%, 06/01/47(a) | 200,000 | 226,986 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28(a) | 250,000 | 278,411 |
Eli Lilly & Co. | ||
2.35%, 05/15/22 | 350,000 | 354,638 |
2.75%, 06/01/25(a) | 250,000 | 257,968 |
3.10%, 05/15/27(a) | 250,000 | 262,741 |
3.38%, 03/15/29(a) | 350,000 | 378,186 |
3.88%, 03/15/39(a) | 250,000 | 285,676 |
3.95%, 03/15/49(a) | 500,000 | 579,085 |
4.15%, 03/15/59(a) | 500,000 | 590,685 |
Estee Lauder Cos., Inc. | ||
2.38%, 12/01/29(a) | 200,000 | 200,168 |
4.15%, 03/15/47(a) | 600,000 | 701,973 |
3.13%, 12/01/49(a) | 100,000 | 100,529 |
Flowers Foods, Inc. | ||
4.38%, 04/01/22(a) | 250,000 | 260,283 |
General Mills, Inc. | ||
3.20%, 04/16/21 | 880,000 | 894,753 |
4.00%, 04/17/25(a) | 1,000,000 | 1,082,350 |
4.55%, 04/17/38(a) | 500,000 | 581,827 |
4.70%, 04/17/48(a) | 250,000 | 300,334 |
Gilead Sciences, Inc. | ||
4.50%, 04/01/21(a) | 200,000 | 205,250 |
4.40%, 12/01/21(a) | 350,000 | 365,241 |
1.95%, 03/01/22(a) | 200,000 | 200,517 |
2.50%, 09/01/23(a) | 750,000 | 762,982 |
3.70%, 04/01/24(a) | 600,000 | 637,290 |
3.50%, 02/01/25(a) | 1,000,000 | 1,062,135 |
3.65%, 03/01/26(a) | 400,000 | 430,924 |
4.60%, 09/01/35(a) | 500,000 | 597,857 |
4.00%, 09/01/36(a) | 200,000 | 224,710 |
5.65%, 12/01/41(a) | 200,000 | 264,556 |
4.80%, 04/01/44(a) | 600,000 | 725,388 |
4.50%, 02/01/45(a) | 350,000 | 407,174 |
4.75%, 03/01/46(a) | 750,000 | 904,522 |
4.15%, 03/01/47(a) | 900,000 | 1,003,158 |
GlaxoSmithKline Capital PLC | ||
3.13%, 05/14/21 | 600,000 | 610,494 |
2.85%, 05/08/22 | 600,000 | 613,365 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.88%, 06/01/22(a) | 250,000 | 255,571 |
3.00%, 06/01/24(a) | 250,000 | 259,613 |
3.38%, 06/01/29(a) | 750,000 | 805,665 |
GlaxoSmithKline Capital, Inc. | ||
3.38%, 05/15/23 | 250,000 | 261,071 |
3.63%, 05/15/25 | 1,000,000 | 1,072,775 |
3.88%, 05/15/28 | 500,000 | 553,185 |
6.38%, 05/15/38 | 900,000 | 1,302,475 |
Hasbro, Inc. | ||
3.00%, 11/19/24(a) | 200,000 | 201,202 |
3.55%, 11/19/26(a) | 250,000 | 252,083 |
3.50%, 09/15/27(a) | 100,000 | 101,193 |
3.90%, 11/19/29(a) | 300,000 | 302,723 |
6.35%, 03/15/40 | 200,000 | 233,386 |
5.10%, 05/15/44(a) | 100,000 | 100,417 |
HCA, Inc. | ||
4.75%, 05/01/23 | 300,000 | 321,525 |
5.00%, 03/15/24 | 1,000,000 | 1,094,635 |
5.25%, 04/15/25 | 250,000 | 280,360 |
5.25%, 06/15/26(a) | 250,000 | 280,480 |
4.50%, 02/15/27(a) | 500,000 | 540,752 |
4.13%, 06/15/29(a) | 600,000 | 637,749 |
5.13%, 06/15/39(a) | 400,000 | 443,330 |
5.50%, 06/15/47(a) | 500,000 | 577,465 |
5.25%, 06/15/49(a) | 650,000 | 729,050 |
Hershey Co. | ||
2.30%, 08/15/26(a) | 750,000 | 759,517 |
2.45%, 11/15/29(a) | 100,000 | 100,751 |
3.13%, 11/15/49(a) | 150,000 | 149,438 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48(a) | 90,000 | 101,810 |
Ingredion, Inc. | ||
3.20%, 10/01/26(a) | 250,000 | 254,721 |
JM Smucker Co. | ||
3.50%, 10/15/21 | 250,000 | 256,598 |
3.50%, 03/15/25 | 500,000 | 527,152 |
4.38%, 03/15/45 | 500,000 | 548,090 |
Johnson & Johnson | ||
1.65%, 03/01/21(a) | 250,000 | 250,185 |
2.45%, 12/05/21 | 100,000 | 101,618 |
2.05%, 03/01/23(a) | 100,000 | 100,698 |
3.38%, 12/05/23 | 500,000 | 531,400 |
2.63%, 01/15/25(a) | 340,000 | 350,520 |
2.45%, 03/01/26(a) | 450,000 | 458,266 |
2.95%, 03/03/27(a) | 2,000,000 | 2,099,060 |
2.90%, 01/15/28(a) | 100,000 | 104,531 |
3.55%, 03/01/36(a) | 117,000 | 128,409 |
3.63%, 03/03/37(a) | 400,000 | 442,632 |
3.40%, 01/15/38(a) | 1,500,000 | 1,613,347 |
5.85%, 07/15/38 | 150,000 | 212,458 |
3.70%, 03/01/46(a) | 1,200,000 | 1,356,408 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27(a) | 750,000 | 784,147 |
4.15%, 05/01/47(a) | 350,000 | 401,371 |
3.27%, 11/01/49(a) | 350,000 | 352,564 |
Kellogg Co. | ||
2.65%, 12/01/23 | 500,000 | 510,152 |
4.30%, 05/15/28(a) | 750,000 | 834,409 |
4.50%, 04/01/46 | 231,000 | 258,076 |
Keurig Dr Pepper, Inc. | ||
3.55%, 05/25/21 | 500,000 | 510,952 |
4.06%, 05/25/23(a) | 250,000 | 264,154 |
3.13%, 12/15/23(a) | 250,000 | 257,828 |
4.42%, 05/25/25(a) | 1,000,000 | 1,093,790 |
2.55%, 09/15/26(a) | 150,000 | 149,309 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.60%, 05/25/28(a) | 500,000 | 563,700 |
4.99%, 05/25/38(a) | 200,000 | 235,866 |
4.42%, 12/15/46(a) | 250,000 | 271,330 |
5.09%, 05/25/48(a) | 250,000 | 302,684 |
Kimberly-Clark Corp. | ||
2.40%, 06/01/23 | 250,000 | 253,834 |
3.95%, 11/01/28(a) | 150,000 | 167,752 |
6.63%, 08/01/37 | 100,000 | 147,537 |
5.30%, 03/01/41 | 750,000 | 986,160 |
3.20%, 07/30/46(a) | 100,000 | 100,391 |
Koninklijke Ahold Delhaize N.V. | ||
5.70%, 10/01/40 | 73,000 | 90,345 |
Koninklijke Philips N.V. | ||
6.88%, 03/11/38 | 150,000 | 215,909 |
5.00%, 03/15/42 | 200,000 | 244,161 |
Kraft Heinz Foods Co. | ||
3.50%, 06/06/22 | 350,000 | 361,867 |
3.50%, 07/15/22(a) | 500,000 | 515,187 |
4.00%, 06/15/23(a) | 560,000 | 589,859 |
3.95%, 07/15/25(a) | 500,000 | 528,102 |
3.00%, 06/01/26(a) | 550,000 | 549,942 |
4.63%, 01/30/29(a) | 250,000 | 275,153 |
3.75%, 04/01/30(a)(e) | 300,000 | 309,639 |
6.88%, 01/26/39 | 250,000 | 312,531 |
4.63%, 10/01/39(a)(e) | 150,000 | 156,461 |
5.00%, 06/04/42 | 1,500,000 | 1,610,385 |
5.20%, 07/15/45(a) | 650,000 | 710,248 |
4.38%, 06/01/46(a) | 750,000 | 741,150 |
4.88%, 10/01/49(a)(e) | 450,000 | 474,698 |
Kroger Co. | ||
2.80%, 08/01/22(a) | 750,000 | 763,665 |
4.00%, 02/01/24(a) | 900,000 | 959,652 |
2.65%, 10/15/26(a) | 100,000 | 100,584 |
4.50%, 01/15/29(a) | 150,000 | 168,986 |
7.50%, 04/01/31(c) | 100,000 | 138,592 |
6.90%, 04/15/38 | 90,000 | 120,046 |
5.40%, 07/15/40(a) | 500,000 | 582,627 |
4.45%, 02/01/47(a) | 250,000 | 266,275 |
4.65%, 01/15/48(a) | 100,000 | 109,739 |
5.40%, 01/15/49(a) | 300,000 | 366,402 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24(a) | 1,250,000 | 1,298,137 |
2.30%, 12/01/24(a) | 200,000 | 199,694 |
3.60%, 02/01/25(a) | 150,000 | 158,273 |
4.70%, 02/01/45(a) | 300,000 | 337,658 |
Mayo Clinic | ||
Series 2016 | ||
4.13%, 11/15/52 | 250,000 | 285,196 |
McCormick & Co., Inc. | ||
2.70%, 08/15/22(a) | 150,000 | 152,435 |
3.15%, 08/15/24(a) | 200,000 | 207,792 |
3.40%, 08/15/27(a) | 350,000 | 365,894 |
McKesson Corp. | ||
2.70%, 12/15/22(a) | 250,000 | 252,708 |
3.80%, 03/15/24(a) | 500,000 | 526,482 |
3.95%, 02/16/28(a) | 600,000 | 640,644 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25(a) | 300,000 | 329,964 |
4.60%, 06/01/44(a) | 350,000 | 418,906 |
Medtronic, Inc. | ||
3.15%, 03/15/22 | 450,000 | 463,178 |
3.63%, 03/15/24(a) | 350,000 | 371,065 |
3.50%, 03/15/25 | 825,000 | 884,256 |
4.38%, 03/15/35 | 1,000,000 | 1,185,075 |
4.63%, 03/15/45 | 750,000 | 944,962 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Memorial Sloan-Kettering Cancer Center | ||
Series 2015 | ||
4.20%, 07/01/55 | 400,000 | 467,906 |
Merck & Co., Inc. | ||
3.88%, 01/15/21(a) | 650,000 | 662,022 |
2.80%, 05/18/23 | 1,000,000 | 1,029,445 |
2.75%, 02/10/25(a) | 1,650,000 | 1,711,990 |
3.40%, 03/07/29(a) | 500,000 | 542,477 |
3.90%, 03/07/39(a) | 350,000 | 401,194 |
3.60%, 09/15/42(a) | 200,000 | 217,513 |
4.15%, 05/18/43 | 250,000 | 296,830 |
3.70%, 02/10/45(a) | 650,000 | 720,785 |
4.00%, 03/07/49(a) | 650,000 | 763,613 |
Molson Coors Brewing Co. | ||
2.10%, 07/15/21(a) | 500,000 | 500,527 |
3.50%, 05/01/22 | 200,000 | 205,475 |
3.00%, 07/15/26(a) | 600,000 | 607,374 |
5.00%, 05/01/42 | 350,000 | 384,268 |
4.20%, 07/15/46(a) | 500,000 | 499,925 |
Mondelez International, Inc. | ||
3.63%, 05/07/23(a) | 750,000 | 786,356 |
4.13%, 05/07/28(a) | 300,000 | 332,946 |
Mount Sinai Hospitals Group, Inc. | ||
Series 2019 | ||
3.74%, 07/01/49(a) | 200,000 | 200,353 |
Mylan N.V. | ||
3.15%, 06/15/21(a) | 400,000 | 405,252 |
3.95%, 06/15/26(a) | 1,000,000 | 1,040,925 |
Mylan, Inc. | ||
4.55%, 04/15/28(a) | 500,000 | 538,555 |
5.40%, 11/29/43(a) | 250,000 | 275,971 |
5.20%, 04/15/48(a) | 400,000 | 446,766 |
New York and Presbyterian Hospital | ||
Series 2019 | ||
3.95%, 08/01/19(a) | 450,000 | 452,765 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46(a) | 200,000 | 207,230 |
4.26%, 11/01/47(a) | 250,000 | 269,819 |
3.81%, 11/01/49(a) | 150,000 | 151,611 |
Novartis Capital Corp. | ||
2.40%, 09/21/22 | 100,000 | 101,635 |
3.40%, 05/06/24 | 350,000 | 370,911 |
3.00%, 11/20/25(a) | 750,000 | 790,140 |
3.10%, 05/17/27(a) | 1,000,000 | 1,059,640 |
4.40%, 05/06/44 | 750,000 | 914,276 |
4.00%, 11/20/45(a) | 500,000 | 581,507 |
NYU Langone Hospitals | ||
4.78%, 07/01/44 | 450,000 | 536,186 |
4.37%, 07/01/47(a) | 130,000 | 148,369 |
Partners Healthcare System, Inc. | ||
Series 2017 | ||
3.77%, 07/01/48(a) | 250,000 | 262,366 |
PepsiCo, Inc. | ||
2.00%, 04/15/21(a) | 300,000 | 301,049 |
1.70%, 10/06/21(a) | 850,000 | 849,622 |
2.75%, 03/05/22 | 1,000,000 | 1,020,970 |
2.25%, 05/02/22(a) | 200,000 | 202,121 |
2.75%, 03/01/23 | 250,000 | 256,971 |
3.60%, 03/01/24(a) | 500,000 | 532,805 |
2.75%, 04/30/25(a) | 250,000 | 259,268 |
3.50%, 07/17/25(a) | 100,000 | 107,466 |
2.38%, 10/06/26(a) | 250,000 | 254,143 |
3.00%, 10/15/27(a) | 500,000 | 530,565 |
2.63%, 07/29/29(a) | 300,000 | 306,989 |
3.60%, 08/13/42 | 145,000 | 156,782 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.60%, 07/17/45(a) | 1,300,000 | 1,616,992 |
3.45%, 10/06/46(a) | 1,000,000 | 1,062,405 |
3.38%, 07/29/49(a) | 350,000 | 368,543 |
2.88%, 10/15/49(a) | 250,000 | 242,124 |
PerkinElmer, Inc. | ||
3.30%, 09/15/29(a) | 250,000 | 256,970 |
Perrigo Finance Unlimited Co. | ||
3.90%, 12/15/24(a) | 500,000 | 515,397 |
4.38%, 03/15/26(a) | 200,000 | 206,548 |
Pfizer, Inc. | ||
1.95%, 06/03/21 | 500,000 | 502,395 |
3.00%, 09/15/21 | 250,000 | 255,560 |
2.20%, 12/15/21 | 350,000 | 353,259 |
3.00%, 06/15/23 | 500,000 | 520,107 |
5.80%, 08/12/23 | 100,000 | 112,835 |
3.20%, 09/15/23(a) | 500,000 | 522,015 |
2.95%, 03/15/24(a) | 118,000 | 122,611 |
3.40%, 05/15/24 | 250,000 | 264,691 |
2.75%, 06/03/26 | 1,000,000 | 1,036,590 |
3.00%, 12/15/26 | 350,000 | 367,948 |
3.60%, 09/15/28(a) | 250,000 | 274,060 |
3.45%, 03/15/29(a) | 500,000 | 538,730 |
4.10%, 09/15/38(a) | 200,000 | 229,433 |
7.20%, 03/15/39 | 650,000 | 1,022,317 |
4.40%, 05/15/44 | 850,000 | 1,018,857 |
4.13%, 12/15/46 | 1,250,000 | 1,457,975 |
4.20%, 09/15/48(a) | 300,000 | 354,522 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 500,000 | 656,202 |
Philip Morris International, Inc. | ||
4.13%, 05/17/21 | 300,000 | 309,093 |
2.90%, 11/15/21 | 500,000 | 509,470 |
2.38%, 08/17/22(a) | 500,000 | 505,007 |
2.50%, 08/22/22 | 250,000 | 253,299 |
2.50%, 11/02/22(a) | 250,000 | 253,834 |
2.63%, 03/06/23 | 150,000 | 152,654 |
2.75%, 02/25/26(a) | 250,000 | 254,256 |
3.13%, 03/02/28(a) | 1,000,000 | 1,030,790 |
3.38%, 08/15/29(a) | 250,000 | 262,621 |
6.38%, 05/16/38 | 650,000 | 905,742 |
4.38%, 11/15/41 | 250,000 | 278,210 |
4.50%, 03/20/42 | 200,000 | 227,051 |
4.13%, 03/04/43 | 250,000 | 271,071 |
4.88%, 11/15/43 | 500,000 | 598,695 |
4.25%, 11/10/44 | 200,000 | 222,513 |
Procter & Gamble Co. | ||
1.85%, 02/02/21 | 1,500,000 | 1,501,920 |
2.30%, 02/06/22 | 581,000 | 588,992 |
2.45%, 11/03/26 | 350,000 | 361,382 |
3.50%, 10/25/47 | 650,000 | 733,463 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29(a) | 350,000 | 344,437 |
3.93%, 10/01/48(a) | 200,000 | 216,832 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25(a) | 500,000 | 527,692 |
2.95%, 06/30/30(a) | 100,000 | 100,109 |
4.70%, 03/30/45(a) | 500,000 | 559,642 |
Reynolds American, Inc. | ||
4.45%, 06/12/25(a) | 750,000 | 808,117 |
5.70%, 08/15/35(a) | 200,000 | 232,503 |
6.15%, 09/15/43 | 500,000 | 582,027 |
5.85%, 08/15/45(a) | 1,500,000 | 1,718,745 |
Sanofi | ||
4.00%, 03/29/21 | 650,000 | 667,651 |
3.38%, 06/19/23(a) | 250,000 | 262,043 |
3.63%, 06/19/28(a) | 250,000 | 277,125 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Shire Acquisitions Investments Ireland DAC | ||
2.40%, 09/23/21(a) | 500,000 | 503,065 |
2.88%, 09/23/23(a) | 1,400,000 | 1,428,231 |
3.20%, 09/23/26(a) | 1,000,000 | 1,031,235 |
Stryker Corp. | ||
2.63%, 03/15/21(a) | 250,000 | 252,239 |
3.50%, 03/15/26(a) | 1,000,000 | 1,066,565 |
3.65%, 03/07/28(a) | 150,000 | 161,658 |
4.63%, 03/15/46(a) | 500,000 | 603,457 |
Sysco Corp. | ||
3.55%, 03/15/25(a) | 500,000 | 533,470 |
3.75%, 10/01/25(a) | 750,000 | 806,869 |
3.30%, 07/15/26(a) | 250,000 | 263,656 |
3.25%, 07/15/27(a) | 200,000 | 209,616 |
4.85%, 10/01/45(a) | 175,000 | 210,802 |
4.50%, 04/01/46(a) | 150,000 | 173,399 |
Takeda Pharmaceutical Co., Ltd. | ||
4.00%, 11/26/21(a) | 650,000 | 673,042 |
4.40%, 11/26/23(a) | 250,000 | 268,884 |
5.00%, 11/26/28(a) | 200,000 | 233,367 |
Thermo Fisher Scientific, Inc. | ||
3.00%, 04/15/23(a) | 250,000 | 256,869 |
4.15%, 02/01/24(a) | 800,000 | 859,368 |
3.20%, 08/15/27(a) | 132,000 | 138,293 |
2.60%, 10/01/29(a) | 250,000 | 248,144 |
5.30%, 02/01/44(a) | 200,000 | 256,384 |
4.10%, 08/15/47(a) | 250,000 | 284,530 |
Toledo Hospital | ||
5.33%, 11/15/28 | 75,000 | 81,289 |
5.75%, 11/15/38(a) | 275,000 | 317,287 |
Tyson Foods, Inc. | ||
2.25%, 08/23/21(a) | 150,000 | 150,683 |
4.50%, 06/15/22(a) | 250,000 | 263,388 |
3.90%, 09/28/23(a) | 150,000 | 158,969 |
3.95%, 08/15/24(a) | 150,000 | 160,531 |
4.00%, 03/01/26(a) | 250,000 | 271,095 |
3.55%, 06/02/27(a) | 150,000 | 159,491 |
4.35%, 03/01/29(a) | 250,000 | 283,450 |
4.88%, 08/15/34(a) | 750,000 | 900,697 |
5.15%, 08/15/44(a) | 50,000 | 61,127 |
4.55%, 06/02/47(a) | 500,000 | 574,862 |
5.10%, 09/28/48(a) | 150,000 | 189,223 |
Unilever Capital Corp. | ||
4.25%, 02/10/21 | 600,000 | 616,170 |
2.75%, 03/22/21 | 350,000 | 353,983 |
1.38%, 07/28/21 | 500,000 | 496,755 |
2.20%, 05/05/22(a) | 250,000 | 251,865 |
2.60%, 05/05/24(a) | 300,000 | 307,247 |
2.00%, 07/28/26 | 500,000 | 497,665 |
3.50%, 03/22/28(a) | 550,000 | 597,440 |
2.13%, 09/06/29(a) | 250,000 | 243,451 |
5.90%, 11/15/32 | 350,000 | 479,741 |
Whirlpool Corp. | ||
4.85%, 06/15/21 | 250,000 | 259,539 |
4.00%, 03/01/24 | 350,000 | 371,359 |
4.75%, 02/26/29(a) | 250,000 | 279,449 |
Willis-Knighton Medical Center | ||
Series 2018 | ||
4.81%, 09/01/48(a) | 150,000 | 180,513 |
Wyeth LLC | ||
6.50%, 02/01/34 | 200,000 | 281,498 |
6.00%, 02/15/36 | 150,000 | 205,408 |
5.95%, 04/01/37 | 500,000 | 684,405 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Zimmer Biomet Holdings, Inc. | ||
3.70%, 03/19/23(a) | 250,000 | 260,543 |
3.55%, 04/01/25(a) | 400,000 | 422,302 |
4.45%, 08/15/45(a) | 649,000 | 688,157 |
Zoetis, Inc. | ||
3.25%, 02/01/23(a) | 250,000 | 258,345 |
3.00%, 09/12/27(a) | 500,000 | 514,020 |
3.90%, 08/20/28(a) | 600,000 | 651,525 |
4.70%, 02/01/43(a) | 300,000 | 358,715 |
4.45%, 08/20/48(a) | 250,000 | 292,761 |
300,273,704 | ||
Energy 2.2% | ||
Apache Corp. | ||
3.25%, 04/15/22(a) | 505,000 | 512,618 |
4.38%, 10/15/28(a) | 250,000 | 261,853 |
5.10%, 09/01/40(a) | 500,000 | 511,720 |
4.75%, 04/15/43(a) | 450,000 | 436,169 |
4.25%, 01/15/44(a) | 400,000 | 369,310 |
5.35%, 07/01/49(a) | 250,000 | 262,736 |
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc. | ||
2.77%, 12/15/22(a) | 350,000 | 357,318 |
3.34%, 12/15/27(a) | 650,000 | 678,918 |
3.14%, 11/07/29(a) | 100,000 | 102,917 |
5.13%, 09/15/40 | 150,000 | 177,455 |
4.08%, 12/15/47(a) | 600,000 | 619,170 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24(a) | 500,000 | 542,887 |
4.45%, 07/15/27(a) | 450,000 | 465,892 |
BP Capital Markets America, Inc. | ||
4.74%, 03/11/21 | 1,000,000 | 1,034,815 |
3.25%, 05/06/22 | 250,000 | 258,284 |
2.75%, 05/10/23 | 250,000 | 255,941 |
3.22%, 11/28/23(a) | 200,000 | 208,223 |
3.79%, 02/06/24(a) | 250,000 | 266,155 |
3.22%, 04/14/24(a) | 250,000 | 260,891 |
3.80%, 09/21/25(a) | 500,000 | 541,707 |
3.12%, 05/04/26(a) | 250,000 | 261,098 |
3.02%, 01/16/27(a) | 200,000 | 207,327 |
3.59%, 04/14/27(a) | 300,000 | 321,486 |
3.94%, 09/21/28(a) | 350,000 | 387,226 |
4.23%, 11/06/28(a) | 600,000 | 680,556 |
BP Capital Markets PLC | ||
3.56%, 11/01/21 | 500,000 | 515,662 |
3.06%, 03/17/22 | 500,000 | 513,285 |
2.50%, 11/06/22 | 300,000 | 305,816 |
3.99%, 09/26/23 | 250,000 | 267,285 |
3.54%, 11/04/24 | 400,000 | 425,898 |
3.51%, 03/17/25 | 500,000 | 532,742 |
3.28%, 09/19/27(a) | 750,000 | 789,919 |
3.72%, 11/28/28(a) | 250,000 | 273,638 |
Burlington Resources LLC | ||
5.95%, 10/15/36 | 250,000 | 338,249 |
Canadian Natural Resources Ltd. | ||
3.45%, 11/15/21(a) | 200,000 | 204,761 |
2.95%, 01/15/23(a) | 750,000 | 765,191 |
3.80%, 04/15/24(a) | 150,000 | 158,653 |
3.90%, 02/01/25(a) | 100,000 | 106,891 |
3.85%, 06/01/27(a) | 200,000 | 213,450 |
7.20%, 01/15/32 | 225,000 | 304,894 |
6.25%, 03/15/38 | 500,000 | 650,552 |
6.75%, 02/01/39 | 100,000 | 137,020 |
4.95%, 06/01/47(a) | 250,000 | 306,474 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Cenovus Energy, Inc. | ||
3.80%, 09/15/23(a) | 250,000 | 259,085 |
4.25%, 04/15/27(a) | 550,000 | 582,868 |
5.25%, 06/15/37(a) | 250,000 | 277,236 |
6.75%, 11/15/39 | 450,000 | 573,842 |
5.40%, 06/15/47(a) | 75,000 | 87,480 |
Cheniere Corpus Christi Holdings LLC | ||
7.00%, 06/30/24(a) | 625,000 | 722,291 |
5.88%, 03/31/25(a) | 250,000 | 281,748 |
5.13%, 06/30/27(a) | 250,000 | 277,203 |
3.70%, 11/15/29(a)(e) | 700,000 | 716,555 |
Chevron Corp. | ||
2.50%, 03/03/22(a) | 300,000 | 305,051 |
2.36%, 12/05/22(a) | 499,000 | 506,295 |
3.19%, 06/24/23(a) | 1,150,000 | 1,198,955 |
2.90%, 03/03/24(a) | 1,500,000 | 1,555,732 |
2.95%, 05/16/26(a) | 250,000 | 261,555 |
Cimarex Energy Co. | ||
4.38%, 06/01/24(a) | 250,000 | 264,183 |
3.90%, 05/15/27(a) | 200,000 | 207,698 |
4.38%, 03/15/29(a) | 200,000 | 211,825 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25(a) | 583,000 | 640,437 |
Concho Resources, Inc. | ||
4.38%, 01/15/25(a) | 100,000 | 103,378 |
4.30%, 08/15/28(a) | 1,000,000 | 1,091,105 |
4.88%, 10/01/47(a) | 150,000 | 174,204 |
4.85%, 08/15/48(a) | 125,000 | 145,293 |
ConocoPhillips Co. | ||
4.95%, 03/15/26(a) | 700,000 | 805,805 |
5.90%, 05/15/38 | 350,000 | 477,020 |
6.50%, 02/01/39 | 1,100,000 | 1,604,471 |
4.30%, 11/15/44(a) | 500,000 | 590,630 |
5.95%, 03/15/46(a) | 125,000 | 179,341 |
ConocoPhillips Holding Co. | ||
6.95%, 04/15/29 | 450,000 | 613,339 |
Continental Resources, Inc. | ||
5.00%, 09/15/22(a) | 275,000 | 277,255 |
4.50%, 04/15/23(a) | 250,000 | 262,358 |
3.80%, 06/01/24(a) | 300,000 | 310,990 |
4.38%, 01/15/28(a) | 250,000 | 266,264 |
4.90%, 06/01/44(a) | 400,000 | 426,628 |
Devon Energy Corp. | ||
5.85%, 12/15/25(a) | 150,000 | 178,079 |
7.95%, 04/15/32 | 100,000 | 142,241 |
5.60%, 07/15/41(a) | 400,000 | 488,954 |
5.00%, 06/15/45(a) | 650,000 | 759,944 |
Diamondback Energy, Inc. | ||
2.88%, 12/01/24(a) | 400,000 | 405,964 |
5.38%, 05/31/25(a) | 300,000 | 315,391 |
3.25%, 12/01/26(a) | 300,000 | 303,630 |
3.50%, 12/01/29(a) | 400,000 | 407,798 |
Dominion Energy Gas Holdings LLC | ||
2.50%, 11/15/24(a) | 150,000 | 150,930 |
3.60%, 12/15/24(a) | 300,000 | 315,522 |
3.00%, 11/15/29(a) | 200,000 | 199,700 |
4.80%, 11/01/43(a) | 400,000 | 459,662 |
Enable Midstream Partners LP | ||
3.90%, 05/15/24(a) | 100,000 | 102,587 |
4.40%, 03/15/27(a) | 250,000 | 249,765 |
4.95%, 05/15/28(a) | 250,000 | 253,876 |
4.15%, 09/15/29(a) | 250,000 | 239,918 |
5.00%, 05/15/44(a) | 150,000 | 139,028 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Enbridge Energy Partners LP | ||
4.20%, 09/15/21(a) | 250,000 | 257,559 |
5.88%, 10/15/25(a) | 150,000 | 175,349 |
7.50%, 04/15/38 | 100,000 | 143,569 |
5.50%, 09/15/40(a) | 200,000 | 239,004 |
Enbridge, Inc. | ||
4.00%, 10/01/23(a) | 250,000 | 264,401 |
2.50%, 01/15/25(a) | 150,000 | 151,249 |
4.25%, 12/01/26(a) | 1,000,000 | 1,105,080 |
3.70%, 07/15/27(a) | 500,000 | 530,422 |
3.13%, 11/15/29(a) | 350,000 | 355,133 |
4.50%, 06/10/44(a) | 150,000 | 165,936 |
5.50%, 12/01/46(a) | 250,000 | 321,835 |
4.00%, 11/15/49(a) | 150,000 | 157,504 |
Encana Corp. | ||
3.90%, 11/15/21(a) | 250,000 | 256,139 |
7.38%, 11/01/31 | 250,000 | 306,916 |
6.50%, 08/15/34 | 150,000 | 177,441 |
6.63%, 08/15/37 | 200,000 | 239,215 |
6.50%, 02/01/38 | 300,000 | 354,129 |
Energy Transfer Operating LP | ||
5.20%, 02/01/22(a) | 1,750,000 | 1,836,266 |
4.25%, 03/15/23(a) | 250,000 | 260,964 |
5.88%, 01/15/24(a) | 900,000 | 996,471 |
4.90%, 02/01/24(a) | 250,000 | 268,075 |
4.05%, 03/15/25(a) | 200,000 | 210,647 |
4.75%, 01/15/26(a) | 350,000 | 378,714 |
4.20%, 04/15/27(a) | 250,000 | 262,108 |
5.50%, 06/01/27(a) | 350,000 | 394,299 |
5.25%, 04/15/29(a) | 300,000 | 337,908 |
4.90%, 03/15/35(a) | 750,000 | 789,506 |
6.63%, 10/15/36 | 500,000 | 600,062 |
7.50%, 07/01/38 | 500,000 | 645,700 |
6.05%, 06/01/41(a) | 200,000 | 226,049 |
6.50%, 02/01/42(a) | 800,000 | 954,888 |
5.15%, 03/15/45(a) | 250,000 | 263,516 |
6.13%, 12/15/45(a) | 500,000 | 582,032 |
5.30%, 04/15/47(a) | 250,000 | 268,065 |
6.00%, 06/15/48(a) | 350,000 | 409,195 |
6.25%, 04/15/49(a) | 500,000 | 607,025 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 150,000 | 192,820 |
Enterprise Products Operating LLC | ||
2.85%, 04/15/21(a) | 1,250,000 | 1,263,937 |
3.35%, 03/15/23(a) | 500,000 | 517,685 |
3.90%, 02/15/24(a) | 400,000 | 425,092 |
3.75%, 02/15/25(a) | 100,000 | 106,714 |
3.70%, 02/15/26(a) | 150,000 | 159,955 |
3.95%, 02/15/27(a) | 350,000 | 378,873 |
4.15%, 10/16/28(a) | 250,000 | 276,994 |
3.13%, 07/31/29(a) | 300,000 | 309,330 |
6.65%, 10/15/34 | 250,000 | 341,314 |
7.55%, 04/15/38 | 150,000 | 217,985 |
6.13%, 10/15/39 | 250,000 | 328,595 |
6.45%, 09/01/40 | 70,000 | 95,001 |
5.95%, 02/01/41 | 100,000 | 129,354 |
5.70%, 02/15/42 | 150,000 | 192,389 |
4.45%, 02/15/43(a) | 300,000 | 331,231 |
4.85%, 03/15/44(a) | 250,000 | 290,581 |
5.10%, 02/15/45(a) | 350,000 | 420,856 |
4.90%, 05/15/46(a) | 400,000 | 471,020 |
4.25%, 02/15/48(a) | 500,000 | 543,510 |
4.80%, 02/01/49(a) | 350,000 | 414,300 |
4.20%, 01/31/50(a) | 750,000 | 813,345 |
4.95%, 10/15/54(a) | 400,000 | 467,014 |
5.25%, 08/16/77(a)(b) | 250,000 | 252,086 |
5.38%, 02/15/78(a)(b) | 200,000 | 198,964 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
EOG Resources, Inc. | ||
2.63%, 03/15/23(a) | 500,000 | 509,947 |
3.15%, 04/01/25(a) | 250,000 | 262,884 |
4.15%, 01/15/26(a) | 250,000 | 275,780 |
3.90%, 04/01/35(a) | 165,000 | 183,968 |
EQM Midstream Partners LP | ||
4.75%, 07/15/23(a) | 350,000 | 351,442 |
4.00%, 08/01/24(a) | 71,000 | 68,996 |
5.50%, 07/15/28(a) | 400,000 | 393,738 |
6.50%, 07/15/48(a) | 250,000 | 234,011 |
EQT Corp. | ||
3.00%, 10/01/22(a) | 800,000 | 786,016 |
3.90%, 10/01/27(a)(i) | 200,000 | 186,364 |
Exxon Mobil Corp. | ||
2.22%, 03/01/21(a) | 1,000,000 | 1,006,215 |
2.40%, 03/06/22(a) | 250,000 | 253,300 |
1.90%, 08/16/22 | 350,000 | 352,368 |
2.73%, 03/01/23(a) | 400,000 | 409,928 |
3.18%, 03/15/24(a) | 250,000 | 262,216 |
2.02%, 08/16/24(a) | 600,000 | 602,448 |
2.71%, 03/06/25(a) | 750,000 | 775,605 |
3.04%, 03/01/26(a) | 250,000 | 262,499 |
2.28%, 08/16/26(a) | 300,000 | 301,610 |
2.44%, 08/16/29(a) | 200,000 | 201,484 |
3.00%, 08/16/39(a) | 250,000 | 250,773 |
3.57%, 03/06/45(a) | 500,000 | 538,262 |
4.11%, 03/01/46(a) | 700,000 | 821,530 |
3.10%, 08/16/49(a) | 500,000 | 500,227 |
Halliburton Co. | ||
3.50%, 08/01/23(a) | 250,000 | 260,379 |
3.80%, 11/15/25(a) | 650,000 | 694,265 |
4.85%, 11/15/35(a) | 750,000 | 850,252 |
6.70%, 09/15/38 | 250,000 | 331,785 |
7.45%, 09/15/39 | 400,000 | 578,362 |
4.50%, 11/15/41(a) | 150,000 | 164,299 |
5.00%, 11/15/45(a) | 600,000 | 686,700 |
Helmerich & Payne, Inc. | ||
4.65%, 03/15/25(a) | 400,000 | 437,640 |
Hess Corp. | ||
7.30%, 08/15/31 | 347,000 | 441,726 |
7.13%, 03/15/33 | 600,000 | 763,671 |
5.60%, 02/15/41 | 500,000 | 589,565 |
5.80%, 04/01/47(a) | 50,000 | 61,438 |
HollyFrontier Corp. | ||
5.88%, 04/01/26(a) | 260,000 | 293,678 |
Husky Energy, Inc. | ||
3.95%, 04/15/22(a) | 350,000 | 362,372 |
6.80%, 09/15/37 | 350,000 | 453,327 |
Kinder Morgan Energy Partners LP | ||
3.50%, 03/01/21(a) | 150,000 | 152,162 |
5.00%, 10/01/21(a) | 150,000 | 156,347 |
3.95%, 09/01/22(a) | 200,000 | 208,255 |
3.45%, 02/15/23(a) | 1,500,000 | 1,547,580 |
3.50%, 09/01/23(a) | 250,000 | 259,335 |
4.30%, 05/01/24(a) | 300,000 | 321,159 |
5.80%, 03/15/35 | 100,000 | 120,106 |
6.95%, 01/15/38 | 150,000 | 199,187 |
6.38%, 03/01/41 | 200,000 | 249,856 |
5.00%, 08/15/42(a) | 1,100,000 | 1,207,805 |
4.70%, 11/01/42(a) | 300,000 | 319,012 |
5.40%, 09/01/44(a) | 400,000 | 461,770 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25(a) | 750,000 | 813,499 |
4.30%, 03/01/28(a) | 1,000,000 | 1,091,295 |
7.80%, 08/01/31 | 500,000 | 699,980 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.55%, 06/01/45(a) | 1,200,000 | 1,435,422 |
5.20%, 03/01/48(a) | 196,000 | 228,235 |
Magellan Midstream Partners LP | ||
5.15%, 10/15/43(a) | 750,000 | 881,824 |
4.25%, 09/15/46(a) | 100,000 | 107,767 |
3.95%, 03/01/50(a) | 150,000 | 155,178 |
Marathon Oil Corp. | ||
2.80%, 11/01/22(a) | 550,000 | 559,782 |
3.85%, 06/01/25(a) | 200,000 | 211,708 |
4.40%, 07/15/27(a) | 250,000 | 272,279 |
6.60%, 10/01/37 | 550,000 | 703,967 |
Marathon Petroleum Corp. | ||
5.13%, 03/01/21(c) | 350,000 | 362,589 |
4.75%, 12/15/23(a) | 200,000 | 217,314 |
3.63%, 09/15/24(a) | 500,000 | 525,150 |
5.13%, 12/15/26(a) | 100,000 | 113,642 |
3.80%, 04/01/28(a) | 250,000 | 263,149 |
6.50%, 03/01/41(a) | 500,000 | 650,907 |
4.75%, 09/15/44(a) | 250,000 | 275,723 |
4.50%, 04/01/48(a) | 150,000 | 160,300 |
MPLX LP | ||
3.50%, 12/01/22(a) | 250,000 | 257,766 |
3.38%, 03/15/23(a) | 150,000 | 154,129 |
4.50%, 07/15/23(a) | 500,000 | 531,315 |
6.38%, 05/01/24(a) | 250,000 | 261,814 |
4.88%, 12/01/24(a) | 450,000 | 489,649 |
4.00%, 02/15/25(a) | 250,000 | 261,594 |
4.25%, 12/01/27(a) | 396,000 | 417,639 |
4.00%, 03/15/28(a) | 325,000 | 337,366 |
4.80%, 02/15/29(a) | 500,000 | 549,527 |
4.50%, 04/15/38(a) | 500,000 | 511,125 |
5.20%, 03/01/47(a) | 100,000 | 108,324 |
4.70%, 04/15/48(a) | 1,400,000 | 1,430,023 |
5.50%, 02/15/49(a) | 325,000 | 369,790 |
National Fuel Gas Co. | ||
3.95%, 09/15/27(a) | 150,000 | 152,837 |
4.75%, 09/01/28(a) | 200,000 | 214,168 |
National Oilwell Varco, Inc. | ||
2.60%, 12/01/22(a) | 72,000 | 72,821 |
3.60%, 12/01/29(a) | 200,000 | 201,341 |
3.95%, 12/01/42(a) | 300,000 | 280,733 |
Newfield Exploration Co. | ||
5.75%, 01/30/22 | 450,000 | 478,489 |
5.63%, 07/01/24 | 150,000 | 165,665 |
5.38%, 01/01/26(a) | 250,000 | 271,483 |
Noble Energy, Inc. | ||
3.90%, 11/15/24(a) | 350,000 | 370,891 |
3.85%, 01/15/28(a) | 350,000 | 369,467 |
3.25%, 10/15/29(a) | 200,000 | 202,484 |
6.00%, 03/01/41(a) | 250,000 | 301,634 |
5.25%, 11/15/43(a) | 300,000 | 338,230 |
5.05%, 11/15/44(a) | 350,000 | 391,652 |
4.20%, 10/15/49(a) | 150,000 | 152,692 |
Occidental Petroleum Corp. | ||
4.10%, 02/01/21(a) | 250,000 | 254,293 |
4.85%, 03/15/21(a) | 791,000 | 814,746 |
2.60%, 08/13/21 | 500,000 | 503,710 |
2.60%, 04/15/22(a) | 200,000 | 201,539 |
2.70%, 08/15/22 | 1,000,000 | 1,011,425 |
2.70%, 02/15/23(a) | 250,000 | 251,993 |
6.95%, 07/01/24 | 250,000 | 294,446 |
2.90%, 08/15/24(a) | 1,000,000 | 1,016,340 |
3.50%, 06/15/25(a) | 350,000 | 361,272 |
3.40%, 04/15/26(a) | 1,000,000 | 1,024,140 |
3.50%, 08/15/29(a) | 450,000 | 459,479 |
6.45%, 09/15/36 | 700,000 | 860,611 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.30%, 08/15/39(a) | 400,000 | 407,980 |
6.60%, 03/15/46(a) | 850,000 | 1,105,569 |
4.40%, 04/15/46(a) | 950,000 | 968,340 |
4.40%, 08/15/49(a) | 400,000 | 412,632 |
ONEOK Partners LP | ||
4.90%, 03/15/25(a) | 200,000 | 220,303 |
6.85%, 10/15/37 | 150,000 | 193,010 |
6.13%, 02/01/41(a) | 50,000 | 60,919 |
ONEOK, Inc. | ||
7.50%, 09/01/23(a) | 200,000 | 233,098 |
2.75%, 09/01/24(a) | 250,000 | 252,085 |
4.55%, 07/15/28(a) | 1,000,000 | 1,100,815 |
4.35%, 03/15/29(a) | 250,000 | 271,815 |
3.40%, 09/01/29(a) | 250,000 | 254,349 |
5.20%, 07/15/48(a) | 1,000,000 | 1,140,725 |
4.45%, 09/01/49(a) | 250,000 | 259,571 |
Patterson-UTI Energy, Inc. | ||
3.95%, 02/01/28(a) | 150,000 | 145,884 |
5.15%, 11/15/29(a) | 200,000 | 205,149 |
Phillips 66 | ||
4.30%, 04/01/22 | 650,000 | 683,696 |
3.90%, 03/15/28(a) | 400,000 | 436,946 |
4.65%, 11/15/34(a) | 250,000 | 295,068 |
4.88%, 11/15/44(a) | 1,000,000 | 1,210,615 |
Phillips 66 Partners LP | ||
2.45%, 12/15/24(a) | 100,000 | 100,049 |
3.61%, 02/15/25(a) | 500,000 | 523,800 |
3.15%, 12/15/29(a) | 200,000 | 199,452 |
4.90%, 10/01/46(a) | 300,000 | 338,185 |
Pioneer Natural Resources Co. | ||
3.95%, 07/15/22(a) | 300,000 | 312,249 |
Plains All American Pipeline LP | ||
5.00%, 02/01/21(a) | 450,000 | 460,573 |
3.65%, 06/01/22(a) | 200,000 | 205,430 |
3.85%, 10/15/23(a) | 150,000 | 155,360 |
4.65%, 10/15/25(a) | 750,000 | 804,296 |
4.50%, 12/15/26(a) | 500,000 | 532,965 |
6.65%, 01/15/37 | 100,000 | 118,792 |
4.30%, 01/31/43(a) | 800,000 | 733,680 |
Sabine Pass Liquefaction LLC | ||
5.63%, 04/15/23(a) | 1,000,000 | 1,088,330 |
5.75%, 05/15/24(a) | 1,175,000 | 1,311,535 |
5.63%, 03/01/25(a) | 1,000,000 | 1,125,545 |
5.00%, 03/15/27(a) | 500,000 | 551,825 |
4.20%, 03/15/28(a) | 450,000 | 477,679 |
Schlumberger Investment S.A. | ||
3.65%, 12/01/23(a) | 350,000 | 370,582 |
Shell International Finance BV | ||
1.88%, 05/10/21 | 800,000 | 801,512 |
1.75%, 09/12/21 | 250,000 | 249,929 |
2.25%, 01/06/23 | 250,000 | 252,314 |
3.40%, 08/12/23 | 750,000 | 786,761 |
3.25%, 05/11/25 | 1,500,000 | 1,586,760 |
2.88%, 05/10/26 | 500,000 | 518,662 |
2.50%, 09/12/26 | 200,000 | 202,333 |
2.38%, 11/07/29(a) | 475,000 | 470,979 |
4.13%, 05/11/35 | 850,000 | 992,005 |
6.38%, 12/15/38 | 1,700,000 | 2,478,753 |
4.55%, 08/12/43 | 1,200,000 | 1,454,580 |
4.38%, 05/11/45 | 250,000 | 298,689 |
4.00%, 05/10/46 | 250,000 | 285,863 |
3.75%, 09/12/46 | 250,000 | 274,878 |
3.13%, 11/07/49(a) | 450,000 | 445,009 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Spectra Energy Partners LP | ||
4.75%, 03/15/24(a) | 100,000 | 108,952 |
5.95%, 09/25/43(a) | 600,000 | 759,915 |
Suncor Energy, Inc. | ||
3.60%, 12/01/24(a) | 250,000 | 265,570 |
5.35%, 07/15/33 | 100,000 | 124,500 |
5.95%, 12/01/34 | 250,000 | 326,954 |
5.95%, 05/15/35 | 450,000 | 587,398 |
6.80%, 05/15/38 | 350,000 | 500,187 |
6.50%, 06/15/38 | 550,000 | 767,236 |
4.00%, 11/15/47(a) | 250,000 | 274,595 |
Sunoco Logistics Partners Operations LP | ||
3.45%, 01/15/23(a) | 200,000 | 203,649 |
4.25%, 04/01/24(a) | 250,000 | 262,598 |
4.00%, 10/01/27(a) | 200,000 | 208,015 |
5.35%, 05/15/45(a) | 100,000 | 107,568 |
TC PipeLines LP | ||
4.65%, 06/15/21(a) | 200,000 | 205,950 |
Total Capital Canada Ltd. | ||
2.75%, 07/15/23 | 450,000 | 462,067 |
Total Capital International S.A. | ||
2.75%, 06/19/21 | 300,000 | 304,587 |
2.22%, 07/12/21(a) | 250,000 | 251,676 |
2.88%, 02/17/22 | 300,000 | 306,625 |
2.70%, 01/25/23 | 250,000 | 255,633 |
3.70%, 01/15/24 | 500,000 | 531,710 |
3.75%, 04/10/24 | 500,000 | 535,987 |
2.43%, 01/10/25(a) | 400,000 | 405,462 |
3.46%, 02/19/29(a) | 356,000 | 386,061 |
2.83%, 01/10/30(a) | 375,000 | 386,115 |
3.46%, 07/12/49(a) | 300,000 | 317,826 |
Total Capital S.A. | ||
3.88%, 10/11/28 | 250,000 | 279,356 |
TransCanada PipeLines Ltd. | ||
2.50%, 08/01/22 | 695,000 | 702,996 |
4.88%, 01/15/26(a) | 350,000 | 393,106 |
4.25%, 05/15/28(a) | 500,000 | 556,647 |
4.63%, 03/01/34(a) | 850,000 | 973,097 |
6.20%, 10/15/37 | 250,000 | 327,349 |
7.25%, 08/15/38 | 100,000 | 145,522 |
7.63%, 01/15/39 | 750,000 | 1,130,235 |
6.10%, 06/01/40 | 300,000 | 400,162 |
4.88%, 05/15/48(a) | 350,000 | 416,993 |
5.10%, 03/15/49(a) | 450,000 | 551,520 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26(a) | 250,000 | 319,570 |
4.60%, 03/15/48(a) | 150,000 | 165,375 |
Valero Energy Corp. | ||
3.65%, 03/15/25 | 273,000 | 291,028 |
3.40%, 09/15/26(a) | 200,000 | 209,889 |
4.35%, 06/01/28(a) | 200,000 | 220,228 |
4.00%, 04/01/29(a) | 250,000 | 269,765 |
6.63%, 06/15/37 | 550,000 | 732,146 |
4.90%, 03/15/45 | 500,000 | 577,307 |
Valero Energy Partners LP | ||
4.38%, 12/15/26(a) | 100,000 | 109,224 |
4.50%, 03/15/28(a) | 150,000 | 165,608 |
Western Midstream Operating LP | ||
3.95%, 06/01/25(a) | 500,000 | 505,040 |
4.65%, 07/01/26(a) | 150,000 | 154,037 |
4.75%, 08/15/28(a) | 300,000 | 300,881 |
5.45%, 04/01/44(a) | 300,000 | 267,077 |
5.30%, 03/01/48(a) | 100,000 | 87,328 |
5.50%, 08/15/48(a) | 100,000 | 88,712 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Williams Cos., Inc. | ||
3.60%, 03/15/22(a) | 2,150,000 | 2,209,533 |
3.90%, 01/15/25(a) | 487,000 | 512,395 |
4.00%, 09/15/25(a) | 150,000 | 159,098 |
3.75%, 06/15/27(a) | 750,000 | 783,206 |
8.75%, 03/15/32 | 500,000 | 720,527 |
6.30%, 04/15/40 | 600,000 | 745,152 |
5.10%, 09/15/45(a) | 500,000 | 557,962 |
4.85%, 03/01/48(a) | 500,000 | 549,007 |
166,979,310 | ||
Industrial Other 0.1% | ||
CBRE Services, Inc. | ||
4.88%, 03/01/26(a) | 250,000 | 280,262 |
Cintas Corp. No 2 | ||
3.70%, 04/01/27(a) | 750,000 | 815,726 |
CommonSpirit Health | ||
4.35%, 11/01/42 | 250,000 | 257,061 |
Fluor Corp. | ||
3.50%, 12/15/24(a) | 300,000 | 306,210 |
4.25%, 09/15/28(a) | 100,000 | 101,785 |
George Washington University | ||
Series 2018 | ||
4.13%, 09/15/48(a) | 270,000 | 311,677 |
Hillenbrand, Inc. | ||
4.50%, 09/15/26(a) | 100,000 | 104,958 |
Leland Stanford Junior University | ||
3.65%, 05/01/48(a) | 250,000 | 280,535 |
Massachusetts Institute of Technology | ||
5.60%, 07/01/11 | 415,000 | 644,076 |
4.68%, 07/01/14 | 150,000 | 192,472 |
President & Fellows of Harvard College | ||
3.15%, 07/15/46(a) | 50,000 | 51,423 |
3.30%, 07/15/56(a) | 1,250,000 | 1,315,344 |
Princeton University | ||
5.70%, 03/01/39 | 1,000,000 | 1,381,125 |
Steelcase, Inc. | ||
5.13%, 01/18/29(a) | 150,000 | 169,999 |
The American University | ||
Series 2019 | ||
3.67%, 04/01/49 | 100,000 | 107,075 |
Trustees of Boston College | ||
3.13%, 07/01/52 | 200,000 | 195,327 |
University of Notre Dame du Lac | ||
Series 2017 | ||
3.39%, 02/15/48(a) | 149,000 | 159,404 |
University of Southern California | ||
3.03%, 10/01/39 | 400,000 | 401,426 |
3.84%, 10/01/47(a) | 150,000 | 170,513 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 300,000 | 321,321 |
7,567,719 | ||
Technology 2.1% | ||
Adobe, Inc. | ||
3.25%, 02/01/25(a) | 500,000 | 528,890 |
Agilent Technologies, Inc. | ||
3.88%, 07/15/23(a) | 200,000 | 209,943 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 600,000 | 638,646 |
2.00%, 08/15/26(a) | 500,000 | 498,447 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Altera Corp. | ||
4.10%, 11/15/23 | 200,000 | 216,165 |
Amphenol Corp. | ||
4.35%, 06/01/29(a) | 250,000 | 280,634 |
2.80%, 02/15/30(a) | 250,000 | 248,634 |
Analog Devices, Inc. | ||
2.50%, 12/05/21(a) | 250,000 | 252,213 |
3.13%, 12/05/23(a) | 750,000 | 775,350 |
3.90%, 12/15/25(a) | 300,000 | 322,968 |
Apple, Inc. | ||
2.25%, 02/23/21(a) | 2,000,000 | 2,012,440 |
2.85%, 05/06/21 | 2,250,000 | 2,284,976 |
2.15%, 02/09/22 | 600,000 | 605,403 |
2.50%, 02/09/22(a) | 1,450,000 | 1,472,852 |
2.70%, 05/13/22 | 250,000 | 255,856 |
1.70%, 09/11/22 | 300,000 | 300,014 |
2.40%, 01/13/23(a) | 1,000,000 | 1,016,245 |
2.85%, 02/23/23(a) | 250,000 | 257,255 |
2.40%, 05/03/23 | 1,750,000 | 1,780,739 |
3.00%, 02/09/24(a) | 150,000 | 155,527 |
3.45%, 05/06/24 | 1,150,000 | 1,222,875 |
2.85%, 05/11/24(a) | 150,000 | 155,258 |
1.80%, 09/11/24(a) | 250,000 | 248,423 |
2.75%, 01/13/25(a) | 500,000 | 517,125 |
3.20%, 05/13/25 | 250,000 | 264,443 |
3.25%, 02/23/26(a) | 850,000 | 900,545 |
2.05%, 09/11/26(a) | 600,000 | 594,729 |
3.35%, 02/09/27(a) | 1,500,000 | 1,601,437 |
3.20%, 05/11/27(a) | 250,000 | 264,921 |
3.00%, 11/13/27(a) | 250,000 | 262,719 |
2.20%, 09/11/29(a) | 550,000 | 541,241 |
4.50%, 02/23/36(a) | 250,000 | 305,618 |
3.85%, 05/04/43 | 1,000,000 | 1,124,490 |
4.45%, 05/06/44 | 500,000 | 610,215 |
3.45%, 02/09/45 | 600,000 | 637,263 |
4.38%, 05/13/45 | 1,200,000 | 1,455,780 |
4.65%, 02/23/46(a) | 100,000 | 125,733 |
3.85%, 08/04/46(a) | 88,000 | 99,427 |
4.25%, 02/09/47(a) | 2,100,000 | 2,515,348 |
3.75%, 11/13/47(a) | 250,000 | 279,804 |
2.95%, 09/11/49(a) | 450,000 | 440,590 |
Applied Materials, Inc. | ||
4.30%, 06/15/21 | 250,000 | 259,118 |
3.90%, 10/01/25(a) | 750,000 | 819,937 |
3.30%, 04/01/27(a) | 200,000 | 212,567 |
5.85%, 06/15/41 | 150,000 | 206,147 |
4.35%, 04/01/47(a) | 350,000 | 423,764 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24(a) | 500,000 | 516,122 |
3.88%, 01/12/28(a) | 100,000 | 102,777 |
Autodesk, Inc. | ||
4.38%, 06/15/25(a) | 500,000 | 545,190 |
Avnet, Inc. | ||
4.63%, 04/15/26(a) | 250,000 | 266,801 |
Baidu, Inc. | ||
2.88%, 07/06/22 | 500,000 | 504,982 |
3.88%, 09/29/23(a) | 750,000 | 781,571 |
4.38%, 03/29/28(a) | 250,000 | 271,270 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.00%, 01/15/22(a) | 1,500,000 | 1,523,265 |
2.65%, 01/15/23(a) | 150,000 | 150,970 |
3.63%, 01/15/24(a) | 2,500,000 | 2,590,675 |
3.13%, 01/15/25(a) | 500,000 | 507,410 |
3.88%, 01/15/27(a) | 1,100,000 | 1,143,763 |
3.50%, 01/15/28(a) | 350,000 | 353,509 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Broadcom, Inc. | ||
3.13%, 04/15/21(e) | 250,000 | 253,139 |
3.63%, 10/15/24(a)(e) | 500,000 | 519,620 |
4.25%, 04/15/26(a)(e) | 500,000 | 532,952 |
4.75%, 04/15/29(a)(e) | 1,000,000 | 1,094,995 |
Broadridge Financial Solutions, Inc. | ||
2.90%, 12/01/29(a) | 600,000 | 600,555 |
CA, Inc. | ||
3.60%, 08/15/22(a) | 100,000 | 102,481 |
Cisco Systems, Inc. | ||
2.20%, 02/28/21 | 1,200,000 | 1,206,354 |
1.85%, 09/20/21(a) | 350,000 | 350,667 |
2.20%, 09/20/23(a) | 750,000 | 759,577 |
3.63%, 03/04/24 | 250,000 | 267,855 |
3.50%, 06/15/25 | 250,000 | 269,868 |
2.95%, 02/28/26 | 250,000 | 262,155 |
5.90%, 02/15/39 | 500,000 | 703,135 |
5.50%, 01/15/40 | 1,000,000 | 1,366,445 |
Citrix Systems, Inc. | ||
4.50%, 12/01/27(a) | 250,000 | 271,534 |
Corning, Inc. | ||
2.90%, 05/15/22(a) | 250,000 | 255,223 |
5.35%, 11/15/48(a) | 250,000 | 315,141 |
3.90%, 11/15/49(a) | 150,000 | 152,518 |
4.38%, 11/15/57(a) | 550,000 | 565,260 |
5.45%, 11/15/79(a) | 400,000 | 443,120 |
Dell International LLC/EMC Corp. | ||
4.42%, 06/15/21(a)(e) | 1,250,000 | 1,286,669 |
5.45%, 06/15/23(a)(e) | 1,050,000 | 1,139,523 |
4.00%, 07/15/24(a)(e) | 250,000 | 262,186 |
6.02%, 06/15/26(a)(e) | 2,000,000 | 2,310,120 |
4.90%, 10/01/26(a)(e) | 600,000 | 661,020 |
5.30%, 10/01/29(a)(e) | 650,000 | 732,868 |
8.10%, 07/15/36(a)(e) | 350,000 | 461,121 |
8.35%, 07/15/46(a)(e) | 650,000 | 891,956 |
DXC Technology Co. | ||
4.25%, 04/15/24(a) | 150,000 | 159,317 |
4.75%, 04/15/27(a) | 150,000 | 161,762 |
Equifax, Inc. | ||
3.30%, 12/15/22(a) | 325,000 | 335,095 |
3.95%, 06/15/23(a) | 150,000 | 158,433 |
2.60%, 12/01/24(a) | 300,000 | 301,856 |
Equinix, Inc. | ||
2.63%, 11/18/24(a) | 350,000 | 351,995 |
5.88%, 01/15/26(a) | 400,000 | 425,796 |
2.90%, 11/18/26(a) | 300,000 | 301,220 |
5.38%, 05/15/27(a) | 400,000 | 434,934 |
3.20%, 11/18/29(a) | 400,000 | 402,328 |
Fidelity National Information Services, Inc. | ||
3.50%, 04/15/23(a) | 709,000 | 739,001 |
3.00%, 08/15/26(a) | 450,000 | 465,606 |
4.25%, 05/15/28(a) | 750,000 | 840,461 |
4.50%, 08/15/46(a) | 100,000 | 116,223 |
Fiserv, Inc. | ||
3.50%, 10/01/22(a) | 250,000 | 259,290 |
3.80%, 10/01/23(a) | 200,000 | 211,342 |
2.75%, 07/01/24(a) | 850,000 | 866,715 |
3.85%, 06/01/25(a) | 250,000 | 267,524 |
3.20%, 07/01/26(a) | 600,000 | 623,724 |
4.20%, 10/01/28(a) | 750,000 | 830,775 |
3.50%, 07/01/29(a) | 600,000 | 632,451 |
4.40%, 07/01/49(a) | 700,000 | 798,528 |
Flex Ltd. | ||
4.75%, 06/15/25(a) | 500,000 | 544,557 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
FLIR Systems, Inc. | ||
3.13%, 06/15/21(a) | 250,000 | 252,433 |
Genpact Luxembourg Sarl | ||
3.38%, 12/01/24(a) | 250,000 | 252,125 |
Global Payments, Inc. | ||
3.75%, 06/01/23(a) | 750,000 | 782,554 |
2.65%, 02/15/25(a) | 200,000 | 201,347 |
4.45%, 06/01/28(a) | 250,000 | 276,554 |
3.20%, 08/15/29(a) | 200,000 | 204,219 |
4.15%, 08/15/49(a) | 450,000 | 482,256 |
Hewlett Packard Enterprise Co. | ||
3.50%, 10/05/21(a) | 250,000 | 256,074 |
4.40%, 10/15/22(a) | 1,000,000 | 1,056,960 |
2.25%, 04/01/23(a) | 300,000 | 300,402 |
6.35%, 10/15/45(a) | 750,000 | 908,827 |
HP, Inc. | ||
4.30%, 06/01/21 | 500,000 | 515,280 |
4.05%, 09/15/22 | 250,000 | 262,294 |
6.00%, 09/15/41 | 400,000 | 444,782 |
IBM Credit LLC | ||
2.65%, 02/05/21 | 250,000 | 252,328 |
3.60%, 11/30/21 | 250,000 | 258,480 |
2.20%, 09/08/22 | 250,000 | 251,855 |
Intel Corp. | ||
1.70%, 05/19/21(a) | 750,000 | 749,842 |
3.30%, 10/01/21 | 250,000 | 257,144 |
2.35%, 05/11/22(a) | 1,600,000 | 1,621,160 |
3.10%, 07/29/22 | 250,000 | 258,068 |
3.15%, 05/11/27(a) | 1,000,000 | 1,060,915 |
2.45%, 11/15/29(a) | 400,000 | 399,968 |
4.80%, 10/01/41 | 500,000 | 628,787 |
4.25%, 12/15/42(c) | 250,000 | 293,801 |
4.10%, 05/19/46(a) | 650,000 | 754,221 |
4.10%, 05/11/47(a) | 750,000 | 869,126 |
3.25%, 11/15/49(a) | 500,000 | 508,007 |
International Business Machines Corp. | ||
2.25%, 02/19/21 | 1,500,000 | 1,507,815 |
2.80%, 05/13/21 | 150,000 | 152,000 |
2.85%, 05/13/22 | 850,000 | 869,061 |
1.88%, 08/01/22 | 200,000 | 200,162 |
2.88%, 11/09/22 | 250,000 | 256,625 |
3.38%, 08/01/23 | 150,000 | 157,028 |
3.63%, 02/12/24 | 1,000,000 | 1,060,175 |
3.00%, 05/15/24 | 500,000 | 518,685 |
3.45%, 02/19/26 | 750,000 | 799,391 |
3.30%, 05/15/26 | 500,000 | 527,737 |
3.30%, 01/27/27 | 1,000,000 | 1,059,805 |
3.50%, 05/15/29 | 1,250,000 | 1,344,894 |
4.15%, 05/15/39 | 750,000 | 847,391 |
4.00%, 06/20/42 | 700,000 | 773,304 |
4.70%, 02/19/46 | 300,000 | 362,718 |
4.25%, 05/15/49 | 950,000 | 1,088,021 |
Jabil, Inc. | ||
4.70%, 09/15/22 | 150,000 | 158,831 |
3.95%, 01/12/28(a) | 250,000 | 256,760 |
Juniper Networks, Inc. | ||
4.50%, 03/15/24 | 400,000 | 433,308 |
3.75%, 08/15/29(a) | 150,000 | 156,425 |
5.95%, 03/15/41 | 100,000 | 116,022 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27(a) | 650,000 | 723,775 |
KLA Corp. | ||
4.13%, 11/01/21(a) | 300,000 | 310,311 |
4.65%, 11/01/24(a) | 500,000 | 551,682 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.10%, 03/15/29(a) | 174,000 | 190,574 |
5.00%, 03/15/49(a) | 100,000 | 123,213 |
Lam Research Corp. | ||
2.80%, 06/15/21(a) | 300,000 | 303,663 |
3.80%, 03/15/25(a) | 500,000 | 535,875 |
4.00%, 03/15/29(a) | 300,000 | 330,921 |
4.88%, 03/15/49(a) | 195,000 | 245,945 |
Marvell Technology Group Ltd. | ||
4.88%, 06/22/28(a) | 164,000 | 181,917 |
Microchip Technology, Inc. | ||
3.92%, 06/01/21 | 250,000 | 255,574 |
4.33%, 06/01/23(a) | 300,000 | 317,721 |
Micron Technology, Inc. | ||
4.64%, 02/06/24(a) | 350,000 | 379,712 |
4.98%, 02/06/26(a) | 150,000 | 166,844 |
4.19%, 02/15/27(a) | 400,000 | 428,590 |
5.33%, 02/06/29(a) | 250,000 | 287,278 |
4.66%, 02/15/30(a) | 250,000 | 275,555 |
Microsoft Corp. | ||
1.55%, 08/08/21(a) | 1,750,000 | 1,748,066 |
2.40%, 02/06/22(a) | 700,000 | 710,237 |
2.38%, 02/12/22(a) | 1,000,000 | 1,013,900 |
2.65%, 11/03/22(a) | 350,000 | 358,729 |
2.38%, 05/01/23(a) | 250,000 | 254,403 |
2.00%, 08/08/23(a) | 650,000 | 654,517 |
2.88%, 02/06/24(a) | 567,000 | 588,790 |
2.70%, 02/12/25(a) | 400,000 | 414,120 |
3.13%, 11/03/25(a) | 1,000,000 | 1,058,250 |
2.40%, 08/08/26(a) | 2,000,000 | 2,026,960 |
3.30%, 02/06/27(a) | 575,000 | 615,727 |
3.50%, 02/12/35(a) | 200,000 | 221,051 |
4.20%, 11/03/35(a) | 350,000 | 416,530 |
3.45%, 08/08/36(a) | 750,000 | 823,241 |
4.10%, 02/06/37(a) | 800,000 | 947,144 |
4.50%, 10/01/40(c) | 100,000 | 124,844 |
5.30%, 02/08/41 | 500,000 | 688,100 |
4.88%, 12/15/43(a) | 100,000 | 131,179 |
3.75%, 02/12/45(a) | 150,000 | 170,604 |
4.45%, 11/03/45(a) | 1,600,000 | 2,009,256 |
3.70%, 08/08/46(a) | 775,000 | 877,811 |
4.25%, 02/06/47(a) | 1,850,000 | 2,277,072 |
4.00%, 02/12/55(a) | 700,000 | 830,963 |
4.75%, 11/03/55(a) | 250,000 | 335,668 |
3.95%, 08/08/56(a) | 650,000 | 770,211 |
4.50%, 02/06/57(a) | 750,000 | 973,860 |
Motorola Solutions, Inc. | ||
3.50%, 03/01/23 | 250,000 | 258,136 |
4.60%, 02/23/28(a) | 400,000 | 434,398 |
4.60%, 05/23/29(a) | 250,000 | 275,541 |
5.50%, 09/01/44 | 200,000 | 222,763 |
NetApp, Inc. | ||
3.30%, 09/29/24(a) | 200,000 | 207,344 |
NVIDIA Corp. | ||
2.20%, 09/16/21(a) | 450,000 | 452,389 |
3.20%, 09/16/26(a) | 500,000 | 525,480 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26(a)(e) | 500,000 | 565,827 |
5.55%, 12/01/28(a)(e) | 150,000 | 176,023 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
3.88%, 06/18/26(a)(e) | 250,000 | 265,298 |
4.30%, 06/18/29(a)(e) | 250,000 | 270,309 |
Oracle Corp. | ||
2.80%, 07/08/21 | 1,000,000 | 1,015,730 |
1.90%, 09/15/21(a) | 1,100,000 | 1,102,744 |
2.50%, 05/15/22(a) | 1,150,000 | 1,167,779 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.50%, 10/15/22 | 1,500,000 | 1,528,162 |
3.63%, 07/15/23 | 100,000 | 105,807 |
2.40%, 09/15/23(a) | 250,000 | 254,148 |
3.40%, 07/08/24(a) | 650,000 | 686,224 |
2.95%, 11/15/24(a) | 500,000 | 520,212 |
2.95%, 05/15/25(a) | 500,000 | 521,177 |
2.65%, 07/15/26(a) | 756,000 | 774,409 |
3.25%, 11/15/27(a) | 750,000 | 795,517 |
3.25%, 05/15/30(a) | 250,000 | 266,799 |
4.30%, 07/08/34(a) | 400,000 | 469,418 |
3.90%, 05/15/35(a) | 350,000 | 391,582 |
3.85%, 07/15/36(a) | 300,000 | 330,536 |
3.80%, 11/15/37(a) | 1,000,000 | 1,094,685 |
6.50%, 04/15/38 | 500,000 | 724,255 |
6.13%, 07/08/39 | 750,000 | 1,058,854 |
5.38%, 07/15/40 | 750,000 | 977,794 |
4.13%, 05/15/45(a) | 600,000 | 678,453 |
4.00%, 07/15/46(a) | 750,000 | 835,361 |
4.00%, 11/15/47(a) | 800,000 | 895,488 |
4.38%, 05/15/55(a) | 350,000 | 416,334 |
PayPal Holdings, Inc. | ||
2.20%, 09/26/22 | 300,000 | 302,148 |
2.40%, 10/01/24(a) | 400,000 | 404,216 |
2.65%, 10/01/26(a) | 400,000 | 405,906 |
2.85%, 10/01/29(a) | 450,000 | 454,426 |
QUALCOMM, Inc. | ||
3.00%, 05/20/22 | 1,000,000 | 1,025,625 |
2.90%, 05/20/24(a) | 125,000 | 129,180 |
3.45%, 05/20/25(a) | 1,500,000 | 1,590,637 |
3.25%, 05/20/27(a) | 250,000 | 263,340 |
4.65%, 05/20/35(a) | 150,000 | 179,540 |
4.80%, 05/20/45(a) | 800,000 | 983,208 |
4.30%, 05/20/47(a) | 250,000 | 287,234 |
salesforce.com, Inc. | ||
3.25%, 04/11/23(a) | 400,000 | 416,160 |
3.70%, 04/11/28(a) | 500,000 | 550,050 |
Seagate HDD Cayman | ||
4.75%, 06/01/23 | 300,000 | 318,911 |
4.75%, 01/01/25 | 500,000 | 533,705 |
4.88%, 06/01/27(a) | 500,000 | 531,395 |
Texas Instruments, Inc. | ||
1.85%, 05/15/22(a) | 350,000 | 350,593 |
2.25%, 05/01/23(a) | 250,000 | 253,548 |
2.90%, 11/03/27(a) | 200,000 | 209,766 |
2.25%, 09/04/29(a) | 350,000 | 345,896 |
4.15%, 05/15/48(a) | 550,000 | 660,349 |
Trimble, Inc. | ||
4.15%, 06/15/23(a) | 250,000 | 263,764 |
4.90%, 06/15/28(a) | 200,000 | 218,479 |
Tyco Electronics Group S.A. | ||
3.45%, 08/01/24(a) | 165,000 | 172,974 |
3.13%, 08/15/27(a) | 150,000 | 154,888 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25(a) | 500,000 | 540,787 |
4.13%, 03/15/29(a) | 475,000 | 522,393 |
VMware, Inc. | ||
3.90%, 08/21/27(a) | 500,000 | 523,650 |
Xilinx, Inc. | ||
2.95%, 06/01/24(a) | 350,000 | 360,388 |
154,602,491 | ||
Transportation 0.6% | ||
American Airlines 2013-2 Class A Pass Through Trust | ||
4.95%, 01/15/23 | 99,322 | 104,007 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
American Airlines 2014-1 Class A Pass Through Trust | ||
3.70%, 10/01/26 | 181,632 | 191,135 |
American Airlines 2015-1 Class A Pass Through Trust | ||
3.38%, 05/01/27 | 583,134 | 605,386 |
American Airlines 2016-2 Class AA Pass Through Trust | ||
3.20%, 06/15/28 | 1,281,750 | 1,318,568 |
American Airlines 2017-2 Class AA Pass Through Trust | ||
3.35%, 10/15/29 | 45,941 | 46,987 |
American Airlines 2019-1 Class AA Pass Through Trust | ||
3.15%, 08/15/33 | 250,000 | 256,590 |
Burlington Northern Santa Fe LLC | ||
3.85%, 09/01/23(a) | 250,000 | 265,603 |
3.40%, 09/01/24(a) | 1,500,000 | 1,588,830 |
3.00%, 04/01/25(a) | 40,000 | 41,756 |
5.05%, 03/01/41(a) | 500,000 | 626,330 |
5.40%, 06/01/41(a) | 150,000 | 193,940 |
4.40%, 03/15/42(a) | 200,000 | 232,397 |
4.38%, 09/01/42(a) | 550,000 | 641,402 |
5.15%, 09/01/43(a) | 450,000 | 575,145 |
4.55%, 09/01/44(a) | 1,000,000 | 1,197,785 |
4.05%, 06/15/48(a) | 1,500,000 | 1,706,482 |
Canadian National Railway Co. | ||
2.95%, 11/21/24(a) | 150,000 | 155,096 |
6.90%, 07/15/28 | 150,000 | 199,541 |
3.20%, 08/02/46(a) | 400,000 | 413,870 |
3.65%, 02/03/48(a) | 300,000 | 332,387 |
4.45%, 01/20/49(a) | 350,000 | 435,022 |
Canadian Pacific Railway Co. | ||
4.45%, 03/15/23(a) | 150,000 | 159,889 |
2.90%, 02/01/25(a) | 271,000 | 278,711 |
4.00%, 06/01/28(a) | 250,000 | 276,995 |
7.13%, 10/15/31 | 500,000 | 701,252 |
5.95%, 05/15/37 | 200,000 | 269,537 |
4.80%, 08/01/45(a) | 150,000 | 187,382 |
6.13%, 09/15/15(a) | 39,000 | 57,421 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28(a) | 200,000 | 219,848 |
Continental Airlines 2007-1 Class A Pass Through Trust | ||
Series 071A | ||
5.98%, 04/19/22 | 323,605 | 340,866 |
Continental Airlines 2012-1 Class A Pass Through Trust | ||
Series A | ||
4.15%, 04/11/24 | 68,008 | 71,940 |
CSX Corp. | ||
4.25%, 06/01/21(a) | 150,000 | 153,979 |
3.70%, 11/01/23(a) | 150,000 | 159,079 |
2.60%, 11/01/26(a) | 250,000 | 254,406 |
3.25%, 06/01/27(a) | 628,000 | 660,383 |
3.80%, 03/01/28(a) | 100,000 | 109,090 |
2.40%, 02/15/30(a) | 200,000 | 195,716 |
6.15%, 05/01/37 | 500,000 | 666,292 |
5.50%, 04/15/41(a) | 1,000,000 | 1,262,470 |
4.75%, 05/30/42(a) | 50,000 | 58,962 |
4.10%, 03/15/44(a) | 850,000 | 933,415 |
3.80%, 11/01/46(a) | 500,000 | 530,050 |
4.50%, 03/15/49(a) | 150,000 | 176,581 |
3.95%, 05/01/50(a) | 100,000 | 108,005 |
4.65%, 03/01/68(a) | 75,000 | 86,095 |
Delta Air Lines 2007-1 Class A Pass Through Trust | ||
Series 071A | ||
6.82%, 08/10/22 | 309,031 | 337,022 |
Delta Air Lines, Inc. | ||
3.63%, 03/15/22(a) | 450,000 | 461,466 |
2.90%, 10/28/24(a) | 250,000 | 251,430 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.38%, 04/19/28(a) | 250,000 | 264,116 |
3.75%, 10/28/29(a) | 150,000 | 149,785 |
FedEx Corp. | ||
3.40%, 01/14/22 | 150,000 | 154,220 |
4.00%, 01/15/24 | 250,000 | 267,593 |
3.25%, 04/01/26(a) | 350,000 | 364,222 |
3.30%, 03/15/27(a) | 400,000 | 412,146 |
3.40%, 02/15/28(a) | 500,000 | 510,995 |
4.20%, 10/17/28(a) | 100,000 | 108,520 |
3.10%, 08/05/29(a) | 300,000 | 300,660 |
3.90%, 02/01/35 | 300,000 | 305,583 |
3.88%, 08/01/42 | 200,000 | 191,927 |
4.75%, 11/15/45(a) | 200,000 | 213,290 |
4.55%, 04/01/46(a) | 500,000 | 516,322 |
4.40%, 01/15/47(a) | 1,000,000 | 1,009,930 |
4.95%, 10/17/48(a) | 300,000 | 329,246 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26(a) | 375,000 | 403,389 |
JetBlue 2019-1 Class AA Pass Through Trust | ||
2.75%, 05/15/32 | 400,000 | 404,186 |
Kansas City Southern | ||
3.00%, 05/15/23(a) | 150,000 | 153,405 |
2.88%, 11/15/29(a) | 150,000 | 150,036 |
4.30%, 05/15/43(a) | 150,000 | 164,078 |
4.70%, 05/01/48(a) | 200,000 | 234,284 |
4.20%, 11/15/69(a) | 250,000 | 257,791 |
Norfolk Southern Corp. | ||
3.00%, 04/01/22(a) | 750,000 | 765,487 |
2.90%, 06/15/26(a) | 550,000 | 567,176 |
4.84%, 10/01/41 | 350,000 | 415,733 |
4.45%, 06/15/45(a) | 250,000 | 288,096 |
4.65%, 01/15/46(a) | 450,000 | 534,719 |
4.15%, 02/28/48(a) | 500,000 | 566,680 |
4.10%, 05/15/49(a) | 100,000 | 111,006 |
3.40%, 11/01/49(a) | 100,000 | 99,523 |
4.05%, 08/15/52(a) | 250,000 | 275,505 |
5.10%, 08/01/18(a) | 100,000 | 118,470 |
Ryder System, Inc. | ||
2.88%, 06/01/22(a) | 150,000 | 152,741 |
3.40%, 03/01/23(a) | 500,000 | 515,672 |
3.75%, 06/09/23(a) | 100,000 | 104,412 |
3.88%, 12/01/23(a) | 250,000 | 263,395 |
3.65%, 03/18/24(a) | 500,000 | 525,465 |
Southwest Airlines Co. | ||
3.45%, 11/16/27(a) | 400,000 | 423,514 |
Union Pacific Corp. | ||
4.00%, 02/01/21(a) | 250,000 | 254,468 |
3.20%, 06/08/21 | 250,000 | 254,761 |
4.16%, 07/15/22(a) | 250,000 | 263,381 |
2.75%, 04/15/23(a) | 100,000 | 101,953 |
3.65%, 02/15/24(a) | 500,000 | 527,782 |
3.15%, 03/01/24(a) | 250,000 | 260,261 |
3.25%, 08/15/25(a) | 500,000 | 529,162 |
2.75%, 03/01/26(a) | 500,000 | 511,287 |
3.70%, 03/01/29(a) | 100,000 | 109,145 |
3.38%, 02/01/35(a) | 750,000 | 775,436 |
4.38%, 09/10/38(a) | 500,000 | 571,235 |
3.55%, 08/15/39(a) | 250,000 | 260,390 |
4.15%, 01/15/45(a) | 1,000,000 | 1,094,720 |
4.05%, 11/15/45(a) | 120,000 | 130,546 |
4.00%, 04/15/47(a) | 500,000 | 547,100 |
4.50%, 09/10/48(a) | 600,000 | 705,729 |
3.80%, 10/01/51(a) | 250,000 | 265,958 |
3.95%, 08/15/59(a) | 150,000 | 157,662 |
3.84%, 03/20/60(a)(e) | 250,000 | 254,551 |
4.38%, 11/15/65(a) | 100,000 | 110,243 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
United Airlines 2014-1 Class A Pass Through Trust | ||
4.00%, 04/11/26 | 108,894 | 115,509 |
United Airlines 2014-2 Class A Pass Through Trust | ||
3.75%, 09/03/26 | 64,209 | 67,524 |
United Airlines 2016-1 Class AA Pass Through Trust | ||
3.10%, 07/07/28 | 447,233 | 457,495 |
United Airlines 2016-2 Class AA Pass Through Trust | ||
2.88%, 10/07/28 | 17,885 | 18,057 |
United Airlines 2018-1 Class AA Pass Through Trust | ||
3.50%, 03/01/30 | 335,233 | 349,554 |
United Airlines 2019-1 Class AA Pass Through Trust | ||
4.15%, 08/25/31 | 317,742 | 344,500 |
United Parcel Service, Inc. | ||
3.13%, 01/15/21 | 250,000 | 253,300 |
2.05%, 04/01/21 | 250,000 | 250,804 |
2.35%, 05/16/22(a) | 250,000 | 253,006 |
2.45%, 10/01/22 | 350,000 | 355,700 |
2.20%, 09/01/24(a) | 250,000 | 251,748 |
2.80%, 11/15/24(a) | 250,000 | 258,939 |
3.05%, 11/15/27(a) | 500,000 | 526,465 |
3.40%, 03/15/29(a) | 100,000 | 107,519 |
2.50%, 09/01/29(a) | 350,000 | 352,014 |
6.20%, 01/15/38 | 400,000 | 562,838 |
4.88%, 11/15/40(a) | 650,000 | 794,085 |
3.75%, 11/15/47(a) | 250,000 | 269,028 |
4.25%, 03/15/49(a) | 250,000 | 291,008 |
3.40%, 09/01/49(a) | 200,000 | 203,552 |
46,458,274 | ||
1,123,570,134 | ||
Utility 1.9% | ||
Electric 1.7% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28(a) | 95,000 | 103,826 |
3.45%, 01/15/50(a) | 150,000 | 150,626 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47(a) | 250,000 | 268,820 |
4.25%, 09/15/48(a) | 110,000 | 127,509 |
3.80%, 06/15/49(a) | 250,000 | 271,201 |
3.15%, 09/15/49(a) | 150,000 | 146,648 |
Alabama Power Co. | ||
3.55%, 12/01/23 | 350,000 | 369,987 |
6.00%, 03/01/39 | 225,000 | 311,788 |
4.30%, 01/02/46(a) | 500,000 | 572,542 |
3.70%, 12/01/47(a) | 1,000,000 | 1,062,385 |
Ameren Corp. | ||
3.65%, 02/15/26(a) | 750,000 | 786,007 |
Ameren Illinois Co. | ||
3.70%, 12/01/47(a) | 150,000 | 162,449 |
4.50%, 03/15/49(a) | 250,000 | 306,105 |
3.25%, 03/15/50(a) | 100,000 | 101,262 |
Appalachian Power Co. | ||
3.40%, 06/01/25(a) | 500,000 | 522,962 |
3.30%, 06/01/27(a) | 300,000 | 312,595 |
7.00%, 04/01/38 | 750,000 | 1,068,690 |
4.45%, 06/01/45(a) | 500,000 | 575,967 |
Arizona Public Service Co. | ||
3.15%, 05/15/25(a) | 250,000 | 260,233 |
4.35%, 11/15/45(a) | 1,000,000 | 1,152,425 |
Avangrid, Inc. | ||
3.15%, 12/01/24(a) | 500,000 | 516,737 |
3.80%, 06/01/29(a) | 145,000 | 154,101 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Avista Corp. | ||
4.35%, 06/01/48(a) | 150,000 | 173,743 |
Baltimore Gas & Electric Co. | ||
3.50%, 08/15/46(a) | 250,000 | 256,926 |
3.75%, 08/15/47(a) | 100,000 | 107,265 |
3.20%, 09/15/49(a) | 150,000 | 148,076 |
Berkshire Hathaway Energy Co. | ||
2.38%, 01/15/21 | 250,000 | 251,555 |
3.25%, 04/15/28(a) | 1,500,000 | 1,588,665 |
6.13%, 04/01/36 | 737,000 | 1,014,156 |
5.95%, 05/15/37 | 250,000 | 338,235 |
5.15%, 11/15/43(a) | 200,000 | 255,193 |
4.50%, 02/01/45(a) | 350,000 | 413,530 |
3.80%, 07/15/48(a) | 250,000 | 270,662 |
Black Hills Corp. | ||
4.35%, 05/01/33(a) | 400,000 | 442,276 |
4.20%, 09/15/46(a) | 100,000 | 105,896 |
3.88%, 10/15/49(a) | 100,000 | 100,454 |
CenterPoint Energy Houston Electric LLC | ||
3.55%, 08/01/42(a) | 128,000 | 134,785 |
4.25%, 02/01/49(a) | 300,000 | 353,692 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/22(a) | 300,000 | 302,824 |
3.85%, 02/01/24(a) | 250,000 | 263,899 |
4.25%, 11/01/28(a) | 750,000 | 815,539 |
2.95%, 03/01/30(a) | 400,000 | 396,486 |
3.70%, 09/01/49(a) | 150,000 | 148,376 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26(a) | 145,000 | 150,140 |
3.38%, 09/15/29(a)(e) | 170,000 | 169,571 |
4.97%, 05/01/46(a) | 100,000 | 111,683 |
CMS Energy Corp. | ||
3.00%, 05/15/26(a) | 350,000 | 357,922 |
4.88%, 03/01/44(a) | 500,000 | 598,337 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26(a) | 123,000 | 124,745 |
3.70%, 08/15/28(a) | 950,000 | 1,043,618 |
3.80%, 10/01/42(a) | 150,000 | 162,908 |
3.70%, 03/01/45(a) | 250,000 | 267,907 |
3.65%, 06/15/46(a) | 250,000 | 265,070 |
3.75%, 08/15/47(a) | 100,000 | 108,349 |
4.00%, 03/01/49(a) | 150,000 | 168,683 |
3.20%, 11/15/49(a) | 100,000 | 99,184 |
Connecticut Light & Power Co. | ||
4.30%, 04/15/44(a) | 100,000 | 118,472 |
4.00%, 04/01/48(a) | 400,000 | 461,830 |
Consolidated Edison Co. of New York, Inc. | ||
6.75%, 04/01/38 | 500,000 | 721,425 |
5.50%, 12/01/39 | 250,000 | 324,377 |
5.70%, 06/15/40 | 150,000 | 198,976 |
3.95%, 03/01/43(a) | 1,000,000 | 1,088,325 |
4.45%, 03/15/44(a) | 1,150,000 | 1,342,056 |
4.13%, 05/15/49(a) | 150,000 | 171,359 |
4.63%, 12/01/54(a) | 225,000 | 274,545 |
4.50%, 05/15/58(a) | 150,000 | 174,847 |
3.70%, 11/15/59(a) | 200,000 | 207,836 |
Consolidated Edison, Inc. | ||
2.00%, 05/15/21(a) | 250,000 | 250,366 |
Consumers Energy Co. | ||
3.38%, 08/15/23(a) | 500,000 | 523,037 |
3.95%, 05/15/43(a) | 250,000 | 280,699 |
4.35%, 04/15/49(a) | 150,000 | 182,099 |
3.10%, 08/15/50(a) | 250,000 | 250,316 |
Dayton Power & Light Co. | ||
3.95%, 06/15/49(a)(e) | 250,000 | 257,171 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Delmarva Power & Light Co. | ||
3.50%, 11/15/23(a) | 500,000 | 524,862 |
Dominion Energy South Carolina, Inc. | ||
5.30%, 05/15/33 | 100,000 | 125,701 |
5.45%, 02/01/41(a) | 100,000 | 130,455 |
5.10%, 06/01/65(a) | 100,000 | 130,706 |
Dominion Energy, Inc. | ||
2.00%, 08/15/21(a) | 250,000 | 249,996 |
2.72%, 08/15/21 | 200,000 | 201,805 |
2.75%, 09/15/22(a) | 250,000 | 253,668 |
2.85%, 08/15/26(a) | 500,000 | 506,665 |
4.25%, 06/01/28(a) | 150,000 | 166,233 |
6.30%, 03/15/33 | 45,000 | 58,917 |
5.25%, 08/01/33 | 500,000 | 606,880 |
7.00%, 06/15/38 | 200,000 | 278,542 |
4.90%, 08/01/41(a) | 300,000 | 356,433 |
4.05%, 09/15/42(a) | 500,000 | 528,972 |
4.60%, 03/15/49(a) | 150,000 | 174,654 |
DTE Electric Co. | ||
3.70%, 06/01/46(a) | 500,000 | 545,817 |
4.05%, 05/15/48(a) | 150,000 | 174,993 |
3.95%, 03/01/49(a) | 389,000 | 447,222 |
DTE Energy Co. | ||
3.30%, 06/15/22(a) | 500,000 | 512,235 |
3.70%, 08/01/23(a) | 250,000 | 260,816 |
3.50%, 06/01/24(a) | 140,000 | 145,870 |
2.53%, 10/01/24 | 350,000 | 351,234 |
2.85%, 10/01/26(a) | 395,000 | 398,519 |
3.40%, 06/15/29(a) | 200,000 | 206,502 |
2.95%, 03/01/30(a) | 200,000 | 198,841 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28(a) | 236,000 | 262,646 |
2.45%, 08/15/29(a) | 200,000 | 199,487 |
6.10%, 06/01/37 | 250,000 | 340,992 |
6.05%, 04/15/38 | 1,255,000 | 1,731,913 |
5.30%, 02/15/40 | 600,000 | 775,410 |
4.25%, 12/15/41(a) | 250,000 | 287,585 |
3.75%, 06/01/45(a) | 750,000 | 812,509 |
3.88%, 03/15/46(a) | 250,000 | 276,569 |
Duke Energy Corp. | ||
1.80%, 09/01/21(a) | 500,000 | 499,570 |
3.55%, 09/15/21(a) | 250,000 | 255,813 |
3.05%, 08/15/22(a) | 950,000 | 972,472 |
3.75%, 04/15/24(a) | 1,000,000 | 1,061,020 |
2.65%, 09/01/26(a) | 500,000 | 503,542 |
3.15%, 08/15/27(a) | 200,000 | 206,695 |
3.40%, 06/15/29(a) | 350,000 | 366,861 |
3.75%, 09/01/46(a) | 200,000 | 206,819 |
3.95%, 08/15/47(a) | 250,000 | 266,783 |
4.20%, 06/15/49(a) | 200,000 | 221,778 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27(a) | 1,250,000 | 1,309,337 |
2.50%, 12/01/29(a) | 150,000 | 149,808 |
5.65%, 04/01/40 | 250,000 | 332,506 |
3.85%, 11/15/42(a) | 250,000 | 271,055 |
Duke Energy Indiana LLC | ||
3.25%, 10/01/49(a) | 200,000 | 202,045 |
Duke Energy Ohio, Inc. | ||
4.30%, 02/01/49(a) | 150,000 | 176,441 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25(a) | 150,000 | 158,669 |
4.10%, 05/15/42(a) | 200,000 | 226,580 |
4.15%, 12/01/44(a) | 900,000 | 1,023,579 |
3.70%, 10/15/46(a) | 500,000 | 533,637 |
3.60%, 09/15/47(a) | 150,000 | 157,652 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Edison International | ||
2.95%, 03/15/23(a) | 500,000 | 500,612 |
3.55%, 11/15/24(a) | 200,000 | 204,786 |
5.75%, 06/15/27(a) | 100,000 | 112,527 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 69,000 | 85,489 |
Emera US Finance LP | ||
2.70%, 06/15/21(a) | 150,000 | 151,370 |
3.55%, 06/15/26(a) | 187,000 | 194,755 |
4.75%, 06/15/46(a) | 100,000 | 116,032 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26(a) | 500,000 | 529,845 |
Entergy Corp. | ||
4.00%, 07/15/22(a) | 500,000 | 522,795 |
2.95%, 09/01/26(a) | 250,000 | 254,498 |
Entergy Louisiana LLC | ||
5.40%, 11/01/24 | 150,000 | 171,908 |
2.40%, 10/01/26(a) | 500,000 | 498,147 |
3.12%, 09/01/27(a) | 150,000 | 156,131 |
4.00%, 03/15/33(a) | 150,000 | 169,504 |
4.95%, 01/15/45(a) | 500,000 | 543,400 |
4.20%, 09/01/48(a) | 200,000 | 233,191 |
Entergy Mississippi LLC | ||
3.85%, 06/01/49(a) | 150,000 | 164,626 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29(a) | 247,000 | 272,894 |
3.55%, 09/30/49(a) | 200,000 | 205,781 |
Evergy Kansas Central, Inc. | ||
4.13%, 03/01/42(a) | 250,000 | 279,859 |
4.10%, 04/01/43(a) | 650,000 | 731,331 |
4.25%, 12/01/45(a) | 250,000 | 292,637 |
Evergy Metro, Inc. | ||
3.15%, 03/15/23(a) | 100,000 | 103,195 |
Evergy, Inc. | ||
2.45%, 09/15/24(a) | 250,000 | 250,683 |
2.90%, 09/15/29(a) | 250,000 | 249,291 |
Eversource Energy | ||
2.75%, 03/15/22(a) | 250,000 | 253,711 |
2.80%, 05/01/23(a) | 100,000 | 101,629 |
3.80%, 12/01/23(a) | 500,000 | 527,405 |
3.30%, 01/15/28(a) | 250,000 | 258,709 |
Exelon Corp. | ||
2.45%, 04/15/21(a) | 250,000 | 251,356 |
3.50%, 06/01/22(a) | 200,000 | 205,388 |
3.95%, 06/15/25(a) | 500,000 | 537,735 |
4.95%, 06/15/35(a)(e) | 250,000 | 289,290 |
5.63%, 06/15/35 | 250,000 | 310,965 |
5.10%, 06/15/45(a) | 100,000 | 120,273 |
4.45%, 04/15/46(a) | 500,000 | 563,500 |
Exelon Generation Co. LLC | ||
4.25%, 06/15/22(a) | 500,000 | 523,197 |
6.25%, 10/01/39 | 750,000 | 904,575 |
5.60%, 06/15/42(a) | 250,000 | 283,092 |
FirstEnergy Corp. | ||
4.25%, 03/15/23(a) | 300,000 | 316,558 |
3.90%, 07/15/27(a) | 750,000 | 803,632 |
7.38%, 11/15/31 | 500,000 | 706,832 |
4.85%, 07/15/47(a) | 500,000 | 591,357 |
Florida Power & Light Co. | ||
2.75%, 06/01/23(a) | 250,000 | 256,458 |
3.25%, 06/01/24(a) | 250,000 | 261,818 |
3.13%, 12/01/25(a) | 500,000 | 526,517 |
4.95%, 06/01/35 | 150,000 | 186,801 |
5.95%, 02/01/38 | 150,000 | 209,838 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.96%, 04/01/39 | 500,000 | 707,797 |
4.13%, 02/01/42(a) | 150,000 | 172,316 |
4.05%, 06/01/42(a) | 350,000 | 400,066 |
3.80%, 12/15/42(a) | 275,000 | 303,926 |
3.70%, 12/01/47(a) | 605,000 | 666,716 |
3.95%, 03/01/48(a) | 250,000 | 286,271 |
4.13%, 06/01/48(a) | 150,000 | 176,248 |
3.99%, 03/01/49(a) | 150,000 | 173,630 |
3.15%, 10/01/49(a) | 250,000 | 253,144 |
Fortis, Inc. | ||
3.06%, 10/04/26(a) | 310,000 | 316,964 |
Georgia Power Co. | ||
2.85%, 05/15/22 | 1,000,000 | 1,020,175 |
2.20%, 09/15/24(a) | 150,000 | 150,266 |
3.25%, 03/30/27(a) | 100,000 | 103,659 |
2.65%, 09/15/29(a) | 100,000 | 99,135 |
4.75%, 09/01/40 | 100,000 | 114,087 |
4.30%, 03/15/42 | 150,000 | 165,397 |
4.30%, 03/15/43 | 100,000 | 109,462 |
Indiana Michigan Power Co. | ||
Series L | ||
3.75%, 07/01/47(a) | 250,000 | 266,521 |
Interstate Power & Light Co. | ||
3.25%, 12/01/24(a) | 200,000 | 208,910 |
4.10%, 09/26/28(a) | 100,000 | 110,019 |
6.25%, 07/15/39 | 350,000 | 469,180 |
3.70%, 09/15/46(a) | 50,000 | 50,969 |
ITC Holdings Corp. | ||
3.25%, 06/30/26(a) | 600,000 | 618,669 |
3.35%, 11/15/27(a) | 100,000 | 104,256 |
Louisville Gas & Electric Co. | ||
4.25%, 04/01/49(a) | 150,000 | 173,449 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29(a) | 200,000 | 219,166 |
4.80%, 09/15/43(a) | 150,000 | 185,451 |
3.95%, 08/01/47(a) | 300,000 | 338,914 |
3.65%, 08/01/48(a) | 250,000 | 270,010 |
4.25%, 07/15/49(a) | 350,000 | 421,921 |
3.15%, 04/15/50(a) | 200,000 | 198,486 |
National Rural Utilities Cooperative Finance Corp. | ||
2.90%, 03/15/21 | 250,000 | 253,255 |
2.40%, 04/25/22(a) | 250,000 | 252,825 |
2.30%, 09/15/22(a) | 250,000 | 252,476 |
3.40%, 11/15/23(a) | 250,000 | 263,346 |
2.95%, 02/07/24(a) | 410,000 | 423,106 |
3.25%, 11/01/25(a) | 400,000 | 422,714 |
3.40%, 02/07/28(a) | 250,000 | 265,958 |
3.90%, 11/01/28(a) | 250,000 | 275,762 |
5.25%, 04/20/46(a)(b) | 800,000 | 871,532 |
Nevada Power Co. | ||
3.70%, 05/01/29(a) | 750,000 | 810,791 |
6.65%, 04/01/36 | 500,000 | 700,527 |
NextEra Energy Capital Holdings, Inc. | ||
4.50%, 06/01/21(a) | 150,000 | 154,618 |
2.40%, 09/01/21 | 500,000 | 504,030 |
3.20%, 02/25/22 | 250,000 | 255,971 |
2.80%, 01/15/23(a) | 100,000 | 101,712 |
3.25%, 04/01/26(a) | 500,000 | 521,702 |
3.55%, 05/01/27(a) | 200,000 | 212,644 |
3.50%, 04/01/29(a) | 500,000 | 530,922 |
2.75%, 11/01/29(a) | 350,000 | 351,850 |
Northern States Power Co. | ||
6.25%, 06/01/36 | 750,000 | 1,045,144 |
3.40%, 08/15/42(a) | 45,000 | 46,912 |
4.00%, 08/15/45(a) | 250,000 | 282,941 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.60%, 05/15/46(a) | 500,000 | 537,492 |
3.60%, 09/15/47(a) | 250,000 | 268,871 |
2.90%, 03/01/50(a) | 200,000 | 191,335 |
NorthWestern Corp. | ||
4.18%, 11/15/44(a) | 450,000 | 507,382 |
NSTAR Electric Co. | ||
3.20%, 05/15/27(a) | 150,000 | 157,441 |
3.25%, 05/15/29(a) | 250,000 | 265,641 |
5.50%, 03/15/40 | 150,000 | 192,221 |
4.40%, 03/01/44(a) | 150,000 | 174,606 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 150,000 | 187,274 |
5.38%, 11/01/40 | 150,000 | 185,058 |
5.05%, 10/01/48(a) | 100,000 | 118,178 |
5.25%, 09/01/50 | 150,000 | 180,765 |
Ohio Power Co. | ||
5.38%, 10/01/21 | 250,000 | 265,039 |
4.00%, 06/01/49(a) | 250,000 | 283,834 |
Oklahoma Gas & Electric Co. | ||
3.30%, 03/15/30(a) | 125,000 | 131,730 |
4.15%, 04/01/47(a) | 240,000 | 265,709 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24(a) | 350,000 | 358,456 |
3.70%, 11/15/28(a) | 65,000 | 71,086 |
7.00%, 05/01/32 | 250,000 | 358,265 |
4.55%, 12/01/41(a) | 1,200,000 | 1,439,394 |
3.75%, 04/01/45(a) | 200,000 | 218,004 |
4.10%, 11/15/48(a) | 150,000 | 174,037 |
3.80%, 06/01/49(a) | 150,000 | 165,464 |
3.10%, 09/15/49(a) | 200,000 | 198,075 |
PacifiCorp | ||
3.85%, 06/15/21(a) | 150,000 | 153,859 |
3.50%, 06/15/29(a) | 100,000 | 107,970 |
7.70%, 11/15/31 | 100,000 | 146,935 |
6.35%, 07/15/38 | 350,000 | 492,819 |
4.13%, 01/15/49(a) | 250,000 | 286,375 |
4.15%, 02/15/50(a) | 300,000 | 346,102 |
PECO Energy Co. | ||
3.90%, 03/01/48(a) | 1,000,000 | 1,118,350 |
3.00%, 09/15/49(a) | 100,000 | 96,461 |
Potomac Electric Power Co. | ||
3.60%, 03/15/24(a) | 250,000 | 263,851 |
PPL Capital Funding, Inc. | ||
4.20%, 06/15/22(a) | 500,000 | 521,845 |
3.40%, 06/01/23(a) | 750,000 | 774,349 |
5.00%, 03/15/44(a) | 250,000 | 289,931 |
PPL Electric Utilities Corp. | ||
6.25%, 05/15/39 | 500,000 | 703,517 |
3.95%, 06/01/47(a) | 100,000 | 111,079 |
4.15%, 06/15/48(a) | 750,000 | 859,357 |
Progress Energy, Inc. | ||
4.40%, 01/15/21(a) | 250,000 | 254,965 |
7.75%, 03/01/31 | 250,000 | 352,019 |
PSEG Power LLC | ||
3.00%, 06/15/21(a) | 1,793,000 | 1,814,310 |
Public Service Co. of Colorado | ||
2.25%, 09/15/22(a) | 550,000 | 554,876 |
3.70%, 06/15/28(a) | 150,000 | 164,013 |
4.05%, 09/15/49(a) | 150,000 | 173,177 |
3.20%, 03/01/50(a) | 150,000 | 150,783 |
Public Service Co. of New Hampshire | ||
3.50%, 11/01/23(a) | 200,000 | 210,233 |
3.60%, 07/01/49(a) | 250,000 | 267,907 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Public Service Electric & Gas Co. | ||
3.00%, 05/15/27(a) | 150,000 | 155,600 |
3.95%, 05/01/42(a) | 100,000 | 111,955 |
3.80%, 01/01/43(a) | 150,000 | 165,784 |
3.80%, 03/01/46(a) | 150,000 | 166,595 |
3.60%, 12/01/47(a) | 500,000 | 539,230 |
3.85%, 05/01/49(a) | 250,000 | 281,694 |
3.20%, 08/01/49(a) | 150,000 | 151,737 |
Public Service Enterprise Group, Inc. | ||
2.65%, 11/15/22(a) | 150,000 | 152,380 |
2.88%, 06/15/24(a) | 250,000 | 255,658 |
Puget Energy, Inc. | ||
6.00%, 09/01/21 | 250,000 | 265,924 |
Puget Sound Energy, Inc. | ||
5.80%, 03/15/40 | 200,000 | 269,589 |
5.64%, 04/15/41(a) | 250,000 | 329,477 |
4.30%, 05/20/45(a) | 150,000 | 173,396 |
4.22%, 06/15/48(a) | 250,000 | 289,632 |
3.25%, 09/15/49(a) | 150,000 | 149,876 |
San Diego Gas & Electric Co. | ||
3.00%, 08/15/21 | 250,000 | 253,939 |
3.60%, 09/01/23(a) | 100,000 | 104,998 |
2.50%, 05/15/26(a) | 200,000 | 199,313 |
3.75%, 06/01/47(a) | 250,000 | 260,123 |
4.15%, 05/15/48(a) | 69,000 | 76,514 |
Sempra Energy | ||
3.55%, 06/15/24(a) | 400,000 | 419,704 |
Southern California Edison Co. | ||
2.40%, 02/01/22(a) | 500,000 | 502,900 |
3.50%, 10/01/23(a) | 250,000 | 260,333 |
4.20%, 03/01/29(a) | 150,000 | 165,759 |
6.65%, 04/01/29 | 500,000 | 603,527 |
2.85%, 08/01/29(a) | 150,000 | 151,027 |
5.35%, 07/15/35 | 250,000 | 297,756 |
5.55%, 01/15/37 | 500,000 | 614,385 |
5.95%, 02/01/38 | 500,000 | 636,767 |
5.50%, 03/15/40 | 200,000 | 246,145 |
4.05%, 03/15/42(a) | 105,000 | 109,531 |
3.90%, 03/15/43(a) | 100,000 | 102,957 |
4.65%, 10/01/43(a) | 250,000 | 283,730 |
4.00%, 04/01/47(a) | 500,000 | 528,012 |
4.13%, 03/01/48(a) | 400,000 | 429,674 |
4.88%, 03/01/49(a) | 150,000 | 178,062 |
Southern Co. | ||
2.35%, 07/01/21(a) | 350,000 | 351,990 |
2.95%, 07/01/23(a) | 250,000 | 256,681 |
3.25%, 07/01/26(a) | 350,000 | 364,072 |
4.25%, 07/01/36(a) | 250,000 | 270,369 |
4.40%, 07/01/46(a) | 250,000 | 277,692 |
5.50%, 03/15/57(a)(b) | 50,000 | 52,587 |
Southern Power Co. | ||
5.15%, 09/15/41 | 750,000 | 853,965 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26(a) | 500,000 | 499,735 |
4.10%, 09/15/28(a) | 200,000 | 219,073 |
Southwestern Public Service Co. | ||
4.50%, 08/15/41(a) | 150,000 | 173,959 |
3.40%, 08/15/46(a) | 100,000 | 101,577 |
3.70%, 08/15/47(a) | 150,000 | 158,963 |
Tampa Electric Co. | ||
4.30%, 06/15/48(a) | 850,000 | 990,322 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25(a) | 250,000 | 258,306 |
4.85%, 12/01/48(a) | 100,000 | 122,578 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Union Electric Co. | ||
3.50%, 03/15/29(a) | 850,000 | 915,990 |
3.90%, 09/15/42(a) | 115,000 | 126,491 |
4.00%, 04/01/48(a) | 250,000 | 280,780 |
3.25%, 10/01/49(a) | 100,000 | 99,685 |
Virginia Electric & Power Co. | ||
2.95%, 01/15/22(a) | 250,000 | 254,669 |
2.75%, 03/15/23(a) | 281,000 | 287,497 |
3.45%, 02/15/24(a) | 250,000 | 261,998 |
3.15%, 01/15/26(a) | 250,000 | 261,181 |
3.50%, 03/15/27(a) | 700,000 | 747,869 |
2.88%, 07/15/29(a) | 150,000 | 153,251 |
6.00%, 05/15/37 | 550,000 | 744,186 |
8.88%, 11/15/38 | 150,000 | 255,064 |
4.45%, 02/15/44(a) | 500,000 | 584,725 |
3.80%, 09/15/47(a) | 500,000 | 541,712 |
4.60%, 12/01/48(a) | 150,000 | 185,360 |
3.30%, 12/01/49(a) | 200,000 | 203,793 |
WEC Energy Group, Inc. | ||
3.38%, 06/15/21 | 250,000 | 255,105 |
3.55%, 06/15/25(a) | 150,000 | 159,375 |
Wisconsin Electric Power Co. | ||
4.30%, 10/15/48(a) | 125,000 | 147,613 |
Wisconsin Power & Light Co. | ||
3.00%, 07/01/29(a) | 250,000 | 257,958 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 250,000 | 264,853 |
3.30%, 09/01/49(a) | 300,000 | 300,577 |
Xcel Energy, Inc. | ||
2.40%, 03/15/21(a) | 250,000 | 251,349 |
3.30%, 06/01/25(a) | 100,000 | 104,557 |
4.00%, 06/15/28(a) | 250,000 | 274,159 |
2.60%, 12/01/29(a) | 200,000 | 198,349 |
6.50%, 07/01/36 | 140,000 | 191,188 |
3.50%, 12/01/49(a) | 200,000 | 203,589 |
123,070,018 | ||
Natural Gas 0.2% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27(a) | 650,000 | 677,014 |
2.63%, 09/15/29(a) | 100,000 | 101,280 |
5.50%, 06/15/41(a) | 150,000 | 194,810 |
4.13%, 10/15/44(a) | 100,000 | 113,633 |
4.30%, 10/01/48(a) | 250,000 | 295,336 |
4.13%, 03/15/49(a) | 150,000 | 173,743 |
3.38%, 09/15/49(a) | 150,000 | 152,768 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28(a) | 50,000 | 53,820 |
5.85%, 01/15/41(a) | 250,000 | 316,509 |
4.10%, 09/01/47(a) | 200,000 | 211,542 |
National Grid USA | ||
5.80%, 04/01/35 | 60,000 | 74,226 |
NiSource, Inc. | ||
3.65%, 06/15/23(a) | 232,000 | 241,713 |
3.49%, 05/15/27(a) | 250,000 | 263,509 |
2.95%, 09/01/29(a) | 100,000 | 100,121 |
4.80%, 02/15/44(a) | 875,000 | 1,018,172 |
5.65%, 02/01/45(a) | 300,000 | 383,617 |
4.38%, 05/15/47(a) | 150,000 | 166,969 |
ONE Gas, Inc. | ||
3.61%, 02/01/24(a) | 100,000 | 105,099 |
4.66%, 02/01/44(a) | 300,000 | 359,262 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29(a) | 300,000 | 321,570 |
3.64%, 11/01/46(a) | 110,000 | 109,963 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Sempra Energy | ||
2.88%, 10/01/22(a) | 150,000 | 152,862 |
2.90%, 02/01/23(a) | 250,000 | 255,011 |
4.05%, 12/01/23(a) | 200,000 | 213,534 |
3.75%, 11/15/25(a) | 385,000 | 407,569 |
3.25%, 06/15/27(a) | 150,000 | 155,233 |
3.40%, 02/01/28(a) | 250,000 | 259,714 |
3.80%, 02/01/38(a) | 300,000 | 314,508 |
6.00%, 10/15/39 | 350,000 | 461,993 |
4.00%, 02/01/48(a) | 250,000 | 262,900 |
Southern California Gas Co. | ||
2.60%, 06/15/26(a) | 500,000 | 502,862 |
4.13%, 06/01/48(a) | 150,000 | 167,847 |
4.30%, 01/15/49(a) | 50,000 | 57,278 |
3.95%, 02/15/50(a) | 150,000 | 165,848 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26(a) | 100,000 | 103,372 |
3.95%, 10/01/46(a) | 650,000 | 676,325 |
4.40%, 05/30/47(a) | 250,000 | 277,176 |
Southwest Gas Corp. | ||
4.15%, 06/01/49(a) | 100,000 | 110,093 |
Washington Gas Light Co. | ||
3.80%, 09/15/46(a) | 55,000 | 57,256 |
3.65%, 09/15/49(a) | 250,000 | 252,971 |
10,289,028 | ||
Utility Other 0.0% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25(a) | 250,000 | 263,067 |
3.75%, 09/01/28(a) | 250,000 | 270,209 |
3.45%, 06/01/29(a) | 250,000 | 264,799 |
6.59%, 10/15/37 | 450,000 | 642,418 |
3.75%, 09/01/47(a) | 500,000 | 529,595 |
4.20%, 09/01/48(a) | 250,000 | 284,729 |
4.15%, 06/01/49(a) | 150,000 | 170,390 |
Aqua America, Inc. | ||
3.57%, 05/01/29(a) | 250,000 | 264,465 |
4.28%, 05/01/49(a) | 150,000 | 167,858 |
2,857,530 | ||
136,216,576 | ||
Total Corporates | ||
(Cost $1,727,781,452) | 1,834,429,772 | |
Treasuries39.3% of net assets | ||
Bonds | ||
7.88%, 02/15/21 | 750,000 | 801,782 |
8.13%, 05/15/21 | 750,000 | 816,724 |
8.13%, 08/15/21 | 1,000,000 | 1,104,688 |
8.00%, 11/15/21(c) | 2,149,000 | 2,401,340 |
7.25%, 08/15/22 | 1,500,000 | 1,717,910 |
7.63%, 11/15/22 | 2,200,000 | 2,572,883 |
7.13%, 02/15/23 | 1,500,000 | 1,753,770 |
6.25%, 08/15/23 | 1,250,000 | 1,452,881 |
7.50%, 11/15/24 | 750,000 | 952,998 |
7.63%, 02/15/25 | 500,000 | 644,902 |
6.88%, 08/15/25 | 500,000 | 637,598 |
6.00%, 02/15/26(c) | 1,891,000 | 2,355,551 |
6.75%, 08/15/26 | 1,209,000 | 1,584,451 |
6.50%, 11/15/26 | 1,250,000 | 1,630,859 |
6.63%, 02/15/27 | 1,000,000 | 1,322,344 |
6.38%, 08/15/27 | 500,000 | 662,109 |
6.13%, 11/15/27 | 2,438,000 | 3,205,780 |
5.50%, 08/15/28 | 1,750,000 | 2,254,492 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.25%, 11/15/28 | 750,000 | 955,840 |
5.25%, 02/15/29 | 2,778,000 | 3,556,491 |
6.13%, 08/15/29 | 4,750,000 | 6,517,520 |
6.25%, 05/15/30(c) | 3,135,000 | 4,413,737 |
5.38%, 02/15/31 | 4,000,000 | 5,375,000 |
4.50%, 02/15/36 | 6,350,000 | 8,434,586 |
4.75%, 02/15/37 | 3,686,000 | 5,080,633 |
5.00%, 05/15/37 | 4,250,000 | 6,026,367 |
4.38%, 02/15/38(c) | 2,800,000 | 3,731,438 |
4.50%, 05/15/38 | 3,000,000 | 4,061,016 |
3.50%, 02/15/39(c) | 1,372,000 | 1,647,901 |
4.25%, 05/15/39 | 2,350,000 | 3,098,879 |
4.50%, 08/15/39 | 3,750,000 | 5,099,121 |
4.38%, 11/15/39(c) | 3,831,000 | 5,136,832 |
4.63%, 02/15/40 | 7,115,000 | 9,855,943 |
4.38%, 05/15/40 | 5,600,000 | 7,534,625 |
3.88%, 08/15/40 | 4,800,000 | 6,063,000 |
4.25%, 11/15/40(c) | 4,659,000 | 6,179,727 |
4.75%, 02/15/41 | 6,000,000 | 8,482,031 |
4.38%, 05/15/41(c) | 4,400,000 | 5,943,438 |
3.75%, 08/15/41 | 5,323,000 | 6,623,808 |
3.13%, 11/15/41 | 5,200,000 | 5,912,563 |
3.13%, 02/15/42(c) | 6,090,000 | 6,924,045 |
3.00%, 05/15/42 | 5,000,000 | 5,575,391 |
2.75%, 08/15/42 | 7,899,000 | 8,457,484 |
2.75%, 11/15/42 | 9,770,000 | 10,455,427 |
3.13%, 02/15/43 | 10,100,000 | 11,483,227 |
2.88%, 05/15/43 | 14,699,000 | 16,055,212 |
3.63%, 08/15/43 | 11,433,000 | 14,055,444 |
3.75%, 11/15/43 | 13,268,000 | 16,632,682 |
3.63%, 02/15/44 | 13,995,000 | 17,242,277 |
3.38%, 05/15/44 | 13,312,000 | 15,794,480 |
3.13%, 08/15/44 | 14,900,000 | 16,996,477 |
3.00%, 11/15/44 | 14,150,000 | 15,814,836 |
2.50%, 02/15/45 | 12,800,000 | 13,098,000 |
3.00%, 05/15/45 | 13,550,000 | 15,168,590 |
2.88%, 08/15/45 | 12,850,000 | 14,083,801 |
3.00%, 11/15/45 | 12,350,000 | 13,851,297 |
2.50%, 02/15/46 | 8,300,000 | 8,496,477 |
2.50%, 05/15/46 | 12,800,000 | 13,104,000 |
2.25%, 08/15/46 | 14,000,000 | 13,645,625 |
2.88%, 11/15/46 | 8,685,000 | 9,553,500 |
3.00%, 02/15/47 | 10,450,000 | 11,773,395 |
3.00%, 05/15/47 | 9,500,000 | 10,702,344 |
2.75%, 08/15/47 | 14,450,000 | 15,540,523 |
2.75%, 11/15/47 | 14,650,000 | 15,753,328 |
3.00%, 02/15/48 | 9,350,000 | 10,542,856 |
3.13%, 05/15/48 | 15,940,000 | 18,406,964 |
3.00%, 08/15/48 | 16,350,000 | 18,470,391 |
3.38%, 11/15/48 | 11,400,000 | 13,793,109 |
3.00%, 02/15/49 | 17,150,000 | 19,402,277 |
2.88%, 05/15/49 | 18,500,000 | 20,454,062 |
2.25%, 08/15/49 | 17,800,000 | 17,324,406 |
2.38%, 11/15/49 | 12,400,000 | 12,400,000 |
Notes | ||
2.00%, 01/15/21 | 8,000,000 | 8,031,562 |
1.38%, 01/31/21 | 9,000,000 | 8,976,621 |
2.25%, 02/15/21 | 1,500,000 | 1,510,488 |
3.63%, 02/15/21(c) | 10,073,000 | 10,296,101 |
1.13%, 02/28/21 | 8,000,000 | 7,954,844 |
2.00%, 02/28/21 | 2,965,000 | 2,977,972 |
2.50%, 02/28/21 | 42,300,000 | 42,724,652 |
2.38%, 03/15/21 | 9,050,000 | 9,131,132 |
1.25%, 03/31/21 | 9,000,000 | 8,961,328 |
2.25%, 03/31/21 | 29,576,000 | 29,807,640 |
2.38%, 04/15/21 | 7,100,000 | 7,170,584 |
1.38%, 04/30/21 | 16,000,000 | 15,955,937 |
2.25%, 04/30/21 | 7,286,000 | 7,349,468 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.63%, 05/15/21 | 21,200,000 | 21,496,055 |
3.13%, 05/15/21 | 3,500,000 | 3,572,529 |
1.38%, 05/31/21 | 10,800,000 | 10,768,992 |
2.00%, 05/31/21 | 3,034,000 | 3,051,540 |
2.13%, 05/31/21 | 21,200,000 | 21,357,758 |
2.63%, 06/15/21 | 9,500,000 | 9,640,459 |
1.13%, 06/30/21 | 11,500,000 | 11,423,184 |
1.63%, 06/30/21 | 12,000,000 | 12,006,797 |
2.13%, 06/30/21 | 5,512,000 | 5,556,462 |
2.63%, 07/15/21 | 10,000,000 | 10,156,836 |
1.13%, 07/31/21 | 12,700,000 | 12,608,223 |
1.75%, 07/31/21 | 10,600,000 | 10,626,914 |
2.25%, 07/31/21 | 7,800,000 | 7,880,285 |
2.13%, 08/15/21 | 14,421,900 | 14,544,712 |
2.75%, 08/15/21 | 36,250,000 | 36,917,651 |
1.13%, 08/31/21 | 6,700,000 | 6,649,227 |
1.50%, 08/31/21 | 6,700,000 | 6,690,316 |
2.00%, 08/31/21 | 3,750,000 | 3,775,269 |
2.75%, 09/15/21(c) | 32,700,000 | 33,333,562 |
1.13%, 09/30/21 | 9,400,000 | 9,325,828 |
1.50%, 09/30/21 | 13,000,000 | 12,981,973 |
2.13%, 09/30/21 | 6,250,000 | 6,307,129 |
2.88%, 10/15/21 | 12,200,000 | 12,475,215 |
1.25%, 10/31/21 | 9,450,000 | 9,395,183 |
1.50%, 10/31/21 | 15,000,000 | 14,980,664 |
2.00%, 10/31/21 | 7,900,000 | 7,960,330 |
2.00%, 11/15/21 | 12,300,000 | 12,399,937 |
2.88%, 11/15/21 | 12,000,000 | 12,285,000 |
1.50%, 11/30/21 | 18,000,000 | 17,977,500 |
1.75%, 11/30/21 | 11,800,000 | 11,838,719 |
1.88%, 11/30/21 | 9,000,000 | 9,053,965 |
2.63%, 12/15/21 | 11,000,000 | 11,220,215 |
1.63%, 12/31/21 | 4,000,000 | 4,005,234 |
2.00%, 12/31/21 | 7,500,000 | 7,561,377 |
2.13%, 12/31/21 | 9,250,000 | 9,348,462 |
2.50%, 01/15/22 | 18,000,000 | 18,328,359 |
1.50%, 01/31/22(c) | 9,100,000 | 9,087,914 |
1.88%, 01/31/22 | 14,800,000 | 14,889,031 |
2.00%, 02/15/22 | 13,600,000 | 13,718,469 |
2.50%, 02/15/22 | 12,500,000 | 12,739,258 |
1.75%, 02/28/22 | 7,500,000 | 7,529,004 |
1.88%, 02/28/22 | 7,100,000 | 7,144,930 |
2.38%, 03/15/22 | 7,000,000 | 7,122,227 |
1.75%, 03/31/22 | 6,050,000 | 6,073,869 |
1.88%, 03/31/22 | 12,200,000 | 12,280,062 |
2.25%, 04/15/22 | 13,000,000 | 13,193,984 |
1.75%, 04/30/22 | 9,000,000 | 9,036,563 |
1.88%, 04/30/22 | 9,724,000 | 9,790,093 |
1.75%, 05/15/22 | 7,000,000 | 7,028,164 |
2.13%, 05/15/22 | 10,000,000 | 10,125,781 |
1.75%, 05/31/22 | 10,000,000 | 10,042,188 |
1.88%, 05/31/22(c) | 7,700,000 | 7,754,742 |
1.75%, 06/15/22 | 6,000,000 | 6,025,547 |
1.75%, 06/30/22 | 10,500,000 | 10,545,937 |
2.13%, 06/30/22 | 4,000,000 | 4,053,750 |
1.75%, 07/15/22 | 25,000,000 | 25,102,539 |
1.88%, 07/31/22 | 6,800,000 | 6,849,938 |
2.00%, 07/31/22 | 9,500,000 | 9,600,566 |
1.50%, 08/15/22 | 7,500,000 | 7,485,059 |
1.63%, 08/15/22 | 18,911,000 | 18,936,116 |
1.63%, 08/31/22 | 8,500,000 | 8,509,629 |
1.88%, 08/31/22 | 9,000,000 | 9,068,555 |
1.50%, 09/15/22 | 7,000,000 | 6,985,508 |
1.75%, 09/30/22 | 6,250,000 | 6,276,856 |
1.88%, 09/30/22 | 8,500,000 | 8,567,070 |
1.38%, 10/15/22 | 13,500,000 | 13,419,844 |
1.88%, 10/31/22 | 10,000,000 | 10,077,344 |
2.00%, 10/31/22 | 9,000,000 | 9,100,195 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
1.63%, 11/15/22 | 22,677,000 | 22,695,602 |
2.00%, 11/30/22 | 30,600,000 | 30,953,812 |
1.63%, 12/15/22 | 8,000,000 | 8,008,438 |
2.13%, 12/31/22 | 10,000,000 | 10,154,688 |
1.75%, 01/31/23 | 11,300,000 | 11,349,437 |
2.38%, 01/31/23 | 10,500,000 | 10,740,762 |
2.00%, 02/15/23 | 16,894,000 | 17,097,256 |
1.50%, 02/28/23 | 7,500,000 | 7,475,684 |
2.63%, 02/28/23 | 7,500,000 | 7,733,789 |
1.50%, 03/31/23(c) | 7,000,000 | 6,976,758 |
2.50%, 03/31/23 | 8,100,000 | 8,326,863 |
1.63%, 04/30/23 | 8,000,000 | 8,001,875 |
2.75%, 04/30/23 | 7,700,000 | 7,980,930 |
1.75%, 05/15/23(c) | 14,500,000 | 14,560,606 |
1.63%, 05/31/23 | 9,300,000 | 9,302,543 |
2.75%, 05/31/23 | 15,500,000 | 16,075,195 |
1.38%, 06/30/23 | 5,500,000 | 5,453,809 |
2.63%, 06/30/23 | 23,000,000 | 23,781,641 |
1.25%, 07/31/23 | 6,250,000 | 6,167,969 |
2.75%, 07/31/23 | 2,900,000 | 3,012,375 |
2.50%, 08/15/23 | 17,176,000 | 17,697,989 |
1.38%, 08/31/23 | 6,000,000 | 5,946,328 |
2.75%, 08/31/23 | 4,000,000 | 4,157,344 |
1.38%, 09/30/23 | 6,750,000 | 6,685,928 |
2.88%, 09/30/23 | 25,500,000 | 26,639,531 |
1.63%, 10/31/23 | 7,750,000 | 7,745,459 |
2.88%, 10/31/23 | 8,100,000 | 8,468,297 |
2.75%, 11/15/23 | 13,296,000 | 13,842,902 |
2.13%, 11/30/23 | 11,250,000 | 11,453,027 |
2.88%, 11/30/23 | 17,500,000 | 18,308,008 |
2.25%, 12/31/23 | 4,750,000 | 4,859,844 |
2.63%, 12/31/23 | 17,800,000 | 18,468,195 |
2.25%, 01/31/24 | 4,700,000 | 4,809,973 |
2.50%, 01/31/24 | 24,000,000 | 24,795,937 |
2.75%, 02/15/24 | 16,619,000 | 17,339,590 |
2.13%, 02/29/24 | 9,250,000 | 9,423,438 |
2.38%, 02/29/24 | 11,000,000 | 11,316,250 |
2.13%, 03/31/24 | 22,250,000 | 22,667,187 |
2.00%, 04/30/24 | 5,500,000 | 5,576,699 |
2.25%, 04/30/24 | 27,500,000 | 28,168,164 |
2.50%, 05/15/24 | 22,730,000 | 23,526,438 |
2.00%, 05/31/24 | 22,500,000 | 22,815,527 |
1.75%, 06/30/24 | 12,750,000 | 12,792,334 |
2.00%, 06/30/24 | 8,250,000 | 8,365,693 |
1.75%, 07/31/24 | 16,000,000 | 16,054,375 |
2.13%, 07/31/24 | 7,500,000 | 7,647,363 |
2.38%, 08/15/24 | 20,500,000 | 21,133,418 |
1.25%, 08/31/24 | 15,400,000 | 15,108,242 |
1.88%, 08/31/24 | 1,000,000 | 1,008,828 |
1.50%, 09/30/24 | 11,000,000 | 10,910,195 |
2.13%, 09/30/24 | 14,300,000 | 14,588,234 |
1.50%, 10/31/24 | 14,500,000 | 14,381,621 |
2.25%, 10/31/24 | 9,250,000 | 9,493,897 |
2.25%, 11/15/24 | 19,600,000 | 20,119,094 |
1.50%, 11/30/24 | 20,000,000 | 19,841,406 |
2.13%, 11/30/24 | 9,000,000 | 9,185,625 |
1.75%, 12/31/24 | 10,000,000 | 10,033,594 |
2.25%, 12/31/24 | 9,000,000 | 9,242,227 |
2.50%, 01/31/25 | 8,000,000 | 8,315,625 |
2.00%, 02/15/25 | 6,000,000 | 6,089,063 |
2.75%, 02/28/25 | 6,900,000 | 7,258,207 |
2.63%, 03/31/25 | 19,350,000 | 20,242,670 |
2.88%, 04/30/25 | 6,000,000 | 6,354,844 |
2.13%, 05/15/25 | 17,612,400 | 17,981,160 |
2.88%, 05/31/25 | 7,300,000 | 7,734,578 |
2.75%, 06/30/25 | 8,000,000 | 8,429,062 |
2.88%, 07/31/25 | 8,000,000 | 8,485,312 |
2.00%, 08/15/25 | 22,700,000 | 23,017,445 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.75%, 08/31/25 | 9,750,000 | 10,280,537 |
3.00%, 09/30/25 | 13,700,000 | 14,637,059 |
3.00%, 10/31/25 | 6,500,000 | 6,948,398 |
2.25%, 11/15/25 | 19,900,000 | 20,448,805 |
2.88%, 11/30/25 | 15,200,000 | 16,151,781 |
2.63%, 12/31/25 | 9,700,000 | 10,175,148 |
2.63%, 01/31/26 | 7,000,000 | 7,343,984 |
1.63%, 02/15/26 | 20,700,000 | 20,520,492 |
2.50%, 02/28/26 | 17,800,000 | 18,551,633 |
2.25%, 03/31/26 | 10,100,000 | 10,380,512 |
2.38%, 04/30/26 | 9,500,000 | 9,836,211 |
1.63%, 05/15/26 | 18,411,000 | 18,228,328 |
2.13%, 05/31/26 | 13,400,000 | 13,671,664 |
1.88%, 06/30/26 | 11,500,000 | 11,558,398 |
1.88%, 07/31/26 | 11,500,000 | 11,552,109 |
1.50%, 08/15/26 | 18,750,000 | 18,391,113 |
1.38%, 08/31/26 | 10,500,000 | 10,216,172 |
1.63%, 09/30/26 | 7,500,000 | 7,412,109 |
1.63%, 10/31/26 | 16,500,000 | 16,298,906 |
2.00%, 11/15/26(c) | 12,500,000 | 12,646,484 |
1.63%, 11/30/26 | 12,000,000 | 11,850,938 |
2.25%, 02/15/27 | 20,250,000 | 20,825,859 |
2.38%, 05/15/27 | 14,750,000 | 15,304,277 |
2.25%, 08/15/27 | 17,300,000 | 17,797,375 |
2.25%, 11/15/27 | 18,600,000 | 19,134,750 |
2.75%, 02/15/28 | 19,850,000 | 21,168,164 |
2.88%, 05/15/28 | 20,800,000 | 22,408,750 |
2.88%, 08/15/28 | 20,700,000 | 22,328,508 |
3.13%, 11/15/28 | 23,950,000 | 26,358,098 |
2.63%, 02/15/29 | 22,200,000 | 23,547,609 |
2.38%, 05/15/29(c) | 30,350,000 | 31,573,484 |
1.63%, 08/15/29 | 27,700,000 | 27,011,828 |
1.75%, 11/15/29 | 17,000,000 | 16,759,609 |
Total Treasuries | ||
(Cost $2,819,465,648) | 2,902,861,698 | |
Government Related5.6% of net assets | ||
Agency 2.4% | ||
Foreign 1.2% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
1.88%, 01/20/21 | 1,000,000 | 1,001,405 |
2.88%, 09/07/21 | 250,000 | 254,853 |
2.38%, 10/01/21 | 250,000 | 252,871 |
2.63%, 01/31/22 | 350,000 | 356,480 |
1.63%, 09/17/22 | 500,000 | 499,113 |
2.88%, 03/13/23 | 500,000 | 518,147 |
2,882,869 | ||
British Virgin 0.0% | ||
CNOOC Finance 2013 Ltd. | ||
3.00%, 05/09/23 | 950,000 | 966,031 |
2.88%, 09/30/29(a) | 300,000 | 300,111 |
3.30%, 09/30/49(a) | 200,000 | 193,027 |
1,459,169 | ||
Canada 0.1% | ||
CNOOC Nexen Finance 2014 ULC | ||
4.25%, 04/30/24 | 700,000 | 750,810 |
4.88%, 04/30/44 | 250,000 | 306,521 |
Export Development Canada | ||
1.50%, 05/26/21 | 250,000 | 249,433 |
1.38%, 10/21/21 | 250,000 | 248,808 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
1.75%, 07/18/22 | 750,000 | 751,751 |
2.50%, 01/24/23 | 500,000 | 512,325 |
2.75%, 03/15/23 | 450,000 | 465,113 |
2.63%, 02/21/24 | 750,000 | 775,826 |
Nexen, Inc. | ||
5.88%, 03/10/35 | 600,000 | 767,145 |
6.40%, 05/15/37 | 750,000 | 1,029,667 |
5,857,399 | ||
China 0.0% | ||
Industrial & Commercial Bank of China Ltd. | ||
2.64%, 05/26/21 | 250,000 | 250,889 |
2.45%, 10/20/21 | 250,000 | 250,362 |
501,251 | ||
Colombia 0.0% | ||
Ecopetrol S.A. | ||
5.88%, 09/18/23 | 500,000 | 555,502 |
4.13%, 01/16/25 | 377,000 | 397,530 |
5.38%, 06/26/26(a) | 578,000 | 649,345 |
7.38%, 09/18/43 | 250,000 | 338,683 |
5.88%, 05/28/45 | 600,000 | 707,607 |
2,648,667 | ||
Germany 0.4% | ||
FMS Wertmanagement | ||
2.00%, 08/01/22(j) | 500,000 | 504,133 |
2.75%, 03/06/23(j) | 275,000 | 284,068 |
2.75%, 01/30/24(j) | 500,000 | 519,400 |
Kreditanstalt fuer Wiederaufbau | ||
1.63%, 03/15/21(j) | 500,000 | 499,730 |
2.38%, 03/24/21(j) | 850,000 | 857,352 |
2.63%, 04/12/21(j) | 1,250,000 | 1,265,200 |
1.50%, 06/15/21(j) | 1,850,000 | 1,846,152 |
2.38%, 08/25/21(j) | 1,000,000 | 1,011,765 |
3.13%, 12/15/21(j) | 1,500,000 | 1,542,915 |
2.63%, 01/25/22(j) | 1,250,000 | 1,274,569 |
2.50%, 02/15/22(j) | 1,600,000 | 1,628,056 |
2.13%, 03/07/22(j) | 1,450,000 | 1,464,870 |
2.13%, 06/15/22(j) | 1,500,000 | 1,517,085 |
1.75%, 08/22/22(j) | 250,000 | 250,635 |
2.00%, 09/29/22(j) | 3,000,000 | 3,027,915 |
2.00%, 10/04/22(j) | 250,000 | 252,300 |
2.38%, 12/29/22(j) | 1,700,000 | 1,735,598 |
2.13%, 01/17/23(j) | 650,000 | 658,866 |
2.63%, 02/28/24(j) | 1,500,000 | 1,553,452 |
1.38%, 08/05/24(j) | 1,150,000 | 1,131,778 |
2.50%, 11/20/24(j) | 3,450,000 | 3,571,664 |
2.88%, 04/03/28(j) | 1,100,000 | 1,179,442 |
1.75%, 09/14/29(j) | 700,000 | 685,769 |
0.00%, 06/29/37(j)(k) | 750,000 | 498,210 |
Landwirtschaftliche Rentenbank | ||
1.75%, 09/24/21(j) | 300,000 | 300,449 |
2.25%, 10/01/21(j) | 1,000,000 | 1,010,065 |
2.00%, 12/06/21(j) | 200,000 | 201,297 |
2.00%, 01/13/25(j) | 650,000 | 657,166 |
2.38%, 06/10/25(j) | 500,000 | 515,062 |
1.75%, 07/27/26(j) | 500,000 | 496,118 |
2.50%, 11/15/27(j) | 500,000 | 521,660 |
32,462,741 | ||
Japan 0.2% | ||
Japan Bank for International Cooperation | ||
1.50%, 07/21/21 | 250,000 | 248,809 |
2.00%, 11/04/21 | 300,000 | 300,839 |
2.50%, 06/01/22 | 250,000 | 253,656 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.38%, 07/21/22 | 1,500,000 | 1,518,255 |
2.38%, 11/16/22 | 2,300,000 | 2,328,853 |
3.25%, 07/20/23 | 250,000 | 261,345 |
2.50%, 05/23/24 | 950,000 | 969,095 |
1.75%, 10/17/24 | 300,000 | 296,051 |
2.50%, 05/28/25 | 200,000 | 204,338 |
2.25%, 11/04/26 | 1,000,000 | 1,004,020 |
2.88%, 06/01/27 | 450,000 | 470,981 |
2.88%, 07/21/27 | 450,000 | 471,105 |
2.75%, 11/16/27 | 1,200,000 | 1,246,596 |
3.25%, 07/20/28 | 750,000 | 810,251 |
3.50%, 10/31/28 | 350,000 | 385,410 |
2.00%, 10/17/29 | 700,000 | 683,378 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 198,492 |
11,651,474 | ||
Mexico 0.2% | ||
Petroleos Mexicanos | ||
4.88%, 01/24/22 | 350,000 | 362,826 |
5.38%, 03/13/22 | 150,000 | 157,417 |
3.50%, 01/30/23 | 400,000 | 403,422 |
4.63%, 09/21/23 | 750,000 | 786,041 |
4.88%, 01/18/24 | 850,000 | 895,586 |
4.50%, 01/23/26 | 550,000 | 547,720 |
6.88%, 08/04/26 | 950,000 | 1,046,401 |
6.49%, 01/23/27(a)(e) | 400,000 | 427,156 |
6.50%, 03/13/27 | 1,600,000 | 1,698,640 |
5.35%, 02/12/28 | 800,000 | 796,644 |
6.50%, 01/23/29 | 800,000 | 842,008 |
6.84%, 01/23/30(a)(e) | 1,750,000 | 1,874,731 |
6.63%, 06/15/35 | 760,000 | 778,118 |
6.63%, 06/15/38 | 150,000 | 150,646 |
6.50%, 06/02/41 | 900,000 | 895,950 |
5.50%, 06/27/44 | 450,000 | 403,589 |
6.38%, 01/23/45 | 1,000,000 | 971,190 |
5.63%, 01/23/46(e) | 500,000 | 451,598 |
6.75%, 09/21/47 | 1,800,000 | 1,817,433 |
6.35%, 02/12/48 | 953,000 | 921,956 |
7.69%, 01/23/50(a)(e) | 1,800,000 | 1,970,802 |
18,199,874 | ||
Netherlands 0.0% | ||
Syngenta Finance | ||
3.13%, 03/28/22 | 150,000 | 151,518 |
Norway 0.1% | ||
Equinor A.S.A. | ||
3.15%, 01/23/22 | 500,000 | 513,450 |
2.45%, 01/17/23 | 600,000 | 609,891 |
2.65%, 01/15/24 | 100,000 | 102,485 |
3.70%, 03/01/24 | 550,000 | 586,512 |
3.25%, 11/10/24 | 150,000 | 158,153 |
3.63%, 09/10/28(a) | 250,000 | 275,334 |
4.25%, 11/23/41 | 1,000,000 | 1,161,470 |
4.80%, 11/08/43 | 210,000 | 265,212 |
3.25%, 11/18/49(a) | 250,000 | 252,909 |
3,925,416 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
4.38%, 09/15/21 | 850,000 | 883,664 |
2.75%, 01/25/22 | 200,000 | 203,055 |
5.00%, 04/11/22 | 500,000 | 532,910 |
4.00%, 01/14/24 | 250,000 | 267,701 |
2.38%, 06/25/24 | 200,000 | 201,775 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.88%, 01/21/25 | 1,250,000 | 1,288,275 |
3.25%, 11/10/25 | 2,000,000 | 2,110,010 |
Korea Development Bank | ||
2.50%, 01/13/21 | 250,000 | 251,343 |
3.38%, 03/12/23 | 200,000 | 207,572 |
3.75%, 01/22/24 | 300,000 | 318,431 |
2.13%, 10/01/24 | 200,000 | 199,635 |
3.38%, 09/16/25 | 500,000 | 530,140 |
6,994,511 | ||
Sweden 0.1% | ||
Svensk Exportkredit AB | ||
1.75%, 03/10/21 | 750,000 | 750,169 |
2.38%, 04/09/21 | 250,000 | 251,975 |
2.88%, 05/22/21 | 750,000 | 761,726 |
2.38%, 03/09/22 | 1,150,000 | 1,165,559 |
2.00%, 08/30/22 | 350,000 | 352,476 |
1.75%, 12/12/23 | 250,000 | 250,118 |
3,532,023 | ||
90,266,912 | ||
U.S. 1.2% | ||
CNOOC Finance 2015 USA LLC | ||
3.75%, 05/02/23 | 250,000 | 260,260 |
3.50%, 05/05/25 | 450,000 | 471,659 |
4.38%, 05/02/28 | 450,000 | 499,876 |
Fannie Mae | ||
1.38%, 02/26/21 | 1,500,000 | 1,496,467 |
1.38%, 10/07/21 | 1,000,000 | 996,330 |
2.00%, 01/05/22 | 250,000 | 252,029 |
1.88%, 04/05/22 | 3,000,000 | 3,021,345 |
2.38%, 01/19/23 | 3,000,000 | 3,067,350 |
2.50%, 02/05/24 | 6,000,000 | 6,187,230 |
2.13%, 04/24/26 | 6,000,000 | 6,095,580 |
1.88%, 09/24/26 | 2,000,000 | 1,997,660 |
7.13%, 01/15/30(c) | 527,000 | 763,370 |
7.25%, 05/15/30 | 1,000,000 | 1,471,075 |
6.63%, 11/15/30 | 1,200,000 | 1,712,220 |
5.63%, 07/15/37 | 1,000,000 | 1,449,350 |
Federal Farm Credit Bank | ||
1.95%, 11/02/21 | 1,250,000 | 1,255,950 |
1.92%, 04/19/22(a) | 1,500,000 | 1,499,377 |
Federal Home Loan Bank | ||
1.38%, 02/18/21 | 1,000,000 | 997,760 |
1.88%, 07/07/21 | 3,100,000 | 3,113,578 |
1.13%, 07/14/21 | 1,000,000 | 993,215 |
3.00%, 10/12/21 | 5,200,000 | 5,327,868 |
1.88%, 11/29/21 | 3,850,000 | 3,871,964 |
2.38%, 06/10/22 | 400,000 | 407,666 |
2.13%, 03/10/23 | 250,000 | 253,814 |
2.50%, 02/13/24 | 1,600,000 | 1,650,808 |
2.88%, 06/14/24 | 1,075,000 | 1,126,363 |
5.38%, 08/15/24 | 1,750,000 | 2,027,961 |
3.25%, 11/16/28 | 5,000,000 | 5,475,575 |
5.50%, 07/15/36 | 400,000 | 562,928 |
Freddie Mac | ||
2.38%, 02/16/21 | 8,000,000 | 8,069,800 |
1.13%, 08/12/21 | 7,000,000 | 6,948,585 |
2.38%, 01/13/22(c) | 5,351,000 | 5,432,630 |
6.75%, 09/15/29 | 500,000 | 702,080 |
6.75%, 03/15/31(c) | 1,564,000 | 2,269,419 |
6.25%, 07/15/32 | 700,000 | 1,008,511 |
Tennessee Valley Authority | ||
2.88%, 09/15/24 | 2,000,000 | 2,097,560 |
6.75%, 11/01/25 | 488,000 | 618,506 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.88%, 02/01/27 | 500,000 | 528,765 |
5.25%, 09/15/39 | 750,000 | 1,035,517 |
4.63%, 09/15/60 | 100,000 | 137,636 |
87,155,637 | ||
177,422,549 | ||
Local Authority 0.9% | ||
Foreign 0.3% | ||
Canada 0.3% | ||
Hydro-Quebec | ||
8.05%, 07/07/24(c) | 1,160,000 | 1,461,641 |
Province of Alberta | ||
2.20%, 07/26/22 | 100,000 | 101,042 |
3.35%, 11/01/23 | 350,000 | 369,761 |
2.95%, 01/23/24 | 350,000 | 364,448 |
1.88%, 11/13/24 | 700,000 | 698,740 |
3.30%, 03/15/28 | 1,500,000 | 1,626,517 |
Province of British Columbia | ||
2.65%, 09/22/21 | 250,000 | 254,081 |
2.00%, 10/23/22 | 550,000 | 554,474 |
1.75%, 09/27/24 | 500,000 | 498,740 |
2.25%, 06/02/26 | 450,000 | 456,629 |
Province of Manitoba | ||
2.13%, 05/04/22 | 390,000 | 393,192 |
2.60%, 04/16/24 | 250,000 | 257,194 |
2.13%, 06/22/26 | 750,000 | 751,526 |
Province of New Brunswick | ||
2.50%, 12/12/22 | 250,000 | 254,410 |
3.63%, 02/24/28 | 200,000 | 219,538 |
Province of Ontario | ||
2.55%, 02/12/21 | 1,000,000 | 1,008,625 |
2.50%, 09/10/21 | 1,000,000 | 1,012,705 |
2.40%, 02/08/22 | 500,000 | 506,510 |
2.55%, 04/25/22 | 500,000 | 508,803 |
2.45%, 06/29/22 | 1,500,000 | 1,524,577 |
3.40%, 10/17/23 | 750,000 | 793,504 |
3.05%, 01/29/24 | 750,000 | 784,219 |
3.20%, 05/16/24 | 500,000 | 527,220 |
2.50%, 04/27/26 | 500,000 | 513,317 |
2.30%, 06/15/26 | 500,000 | 507,283 |
2.00%, 10/02/29 | 400,000 | 393,958 |
Province of Quebec | ||
2.75%, 08/25/21 | 750,000 | 762,697 |
2.38%, 01/31/22 | 850,000 | 861,131 |
2.63%, 02/13/23 | 250,000 | 256,674 |
7.13%, 02/09/24 | 1,000,000 | 1,202,400 |
2.50%, 04/09/24 | 200,000 | 205,395 |
2.88%, 10/16/24 | 650,000 | 680,189 |
2.75%, 04/12/27 | 500,000 | 522,665 |
7.50%, 09/15/29 | 168,000 | 243,414 |
21,077,219 | ||
21,077,219 | ||
U.S. 0.6% | ||
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
5.94%, 02/15/47 | 200,000 | 278,249 |
RB (Build America Bonds) Series 2010 | ||
6.27%, 02/15/50 | 500,000 | 667,135 |
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 426,771 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Bay Area Toll Authority | ||
RB (Build America Bonds) Series 2010S1 | ||
7.04%, 04/01/50 | 500,000 | 801,705 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 600,000 | 971,109 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 1,350,000 | 2,039,121 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 1,400,000 | 2,241,883 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 1,050,000 | 1,605,355 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 865,000 | 1,318,563 |
GO Bonds | ||
7.60%, 11/01/40 | 200,000 | 328,344 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 150,000 | 215,414 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 179,849 |
Chicago Transit Authority | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 395,000 | 533,553 |
RB (Pension Funding) Series 2008B | ||
6.90%, 12/01/40 | 200,000 | 270,152 |
City of Chicago IL | ||
GO Bonds Series 2012 | ||
5.43%, 01/01/42 | 350,000 | 361,837 |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 255,000 | 279,914 |
City of New York NY | ||
GO Bonds Series 2010 | ||
6.25%, 06/01/35(a) | 750,000 | 763,200 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
RB Series 2012 | ||
4.43%, 02/01/42 | 200,000 | 229,942 |
Commonwealth Financing Authority | ||
Series A | ||
4.14%, 06/01/38 | 215,000 | 235,890 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2010D | ||
4.50%, 08/01/31 | 400,000 | 461,775 |
Series D | ||
2.66%, 09/01/39 | 150,000 | 144,144 |
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39(c) | 100,000 | 129,651 |
Series D | ||
2.81%, 09/01/43 | 150,000 | 142,785 |
Series H | ||
2.90%, 09/01/49 | 200,000 | 190,667 |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 200,000 | 262,646 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 700,000 | 891,407 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 350,000 | 545,814 |
County of Miami-Dade FL Water & Sewer System Revenue | ||
Series C | ||
3.49%, 10/01/42(a) | 150,000 | 151,130 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Dallas Area Rapid Transit | ||
RB (Build America Bonds) Series 2010 | ||
5.02%, 12/01/48 | 250,000 | 331,958 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 150,000 | 199,928 |
Dallas Independent School District | ||
GO (Build America Bonds) Series 2010C | ||
6.45%, 02/15/35(a) | 350,000 | 368,226 |
Dallas/Fort Worth International Airport | ||
Series A | ||
2.99%, 11/01/38 | 150,000 | 148,475 |
District of Columbia | ||
Series E | ||
5.59%, 12/01/34 | 350,000 | 432,882 |
Florida State Board of Administration Finance Corp. | ||
Series A | ||
2.64%, 07/01/21 | 100,000 | 101,249 |
Georgia Municipal Electric Authority | ||
RB (Build America Bonds) Series 2010 | ||
6.64%, 04/01/57 | 248,000 | 333,917 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 200,000 | 255,812 |
Illinois | ||
GO Bonds (Pension Funding) Series 2003 | ||
4.95%, 06/01/23 | 480,000 | 499,475 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 1,980,000 | 2,135,450 |
JobsOhio Beverage System | ||
Series B | ||
4.53%, 01/01/35 | 100,000 | 116,926 |
Los Angeles Department of Water & Power Power System Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 250,000 | 391,533 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.76%, 07/01/29 | 300,000 | 362,891 |
5.75%, 07/01/34 | 150,000 | 191,428 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34(c) | 450,000 | 616,909 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26(a) | 800,000 | 867,872 |
Metropolitan Transportation Authority | ||
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 350,000 | 547,475 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 650,000 | 927,777 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 350,000 | 351,211 |
Missouri Health & Educational Facilities Authority | ||
RB Series 2017A | ||
3.65%, 08/15/57(a) | 75,000 | 80,470 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 350,000 | 440,167 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 900,000 | 1,037,866 |
RB Series 2019B | ||
4.13%, 06/15/42 | 250,000 | 248,188 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 500,000 | 785,165 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 600,000 | 918,747 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2011A1 | ||
5.51%, 08/01/37 | 450,000 | 574,225 |
New York City Water & Sewer System | ||
Water System RB (Build America Bonds) Series 2009 | ||
5.75%, 06/15/41(c) | 300,000 | 417,660 |
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 355,288 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 250,000 | 359,455 |
New York State Dormitory Authority | ||
RB Series 2009F | ||
5.63%, 03/15/39 | 200,000 | 252,691 |
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 200,000 | 258,750 |
Series B | ||
3.14%, 07/01/43 | 200,000 | 198,523 |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 185,000 | 223,446 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 250,000 | 392,417 |
Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 450,000 | 569,551 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 500,000 | 596,872 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 500,000 | 591,360 |
Port Authority of New York & New Jersey | ||
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 240,000 | 320,210 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 200,000 | 267,341 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 200,000 | 253,958 |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 450,000 | 583,639 |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 1,150,000 | 1,413,545 |
Regents of the University of California Medical Center Pooled Revenue | ||
Series F | ||
6.58%, 05/15/49 | 200,000 | 284,920 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 100,000 | 145,369 |
Rutgers The State University of New Jersey | ||
Series R | ||
3.27%, 05/01/43 | 100,000 | 98,434 |
Series P | ||
3.92%, 05/01/19(a) | 150,000 | 148,235 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 150,000 | 147,555 |
RB Series B | ||
3.82%, 01/01/48 | 200,000 | 201,565 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
San Diego County Regional Transportation Commission | ||
RB (Build America Bonds) Series 2010A | ||
5.91%, 04/01/48 | 300,000 | 433,165 |
San Diego County Water Authority Financing Corp. | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 350,000 | 495,215 |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34(a) | 1,500,000 | 1,542,345 |
Texas | ||
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 750,000 | 1,014,435 |
GO (Build America Bonds) Series 2010A | ||
4.68%, 04/01/40 | 500,000 | 604,448 |
Texas Transportation Commission | ||
RB (Build America Bonds) Series B | ||
5.18%, 04/01/30 | 1,130,000 | 1,359,317 |
University of California | ||
RB Series 2019BD | ||
3.35%, 07/01/29 | 200,000 | 214,211 |
RB Series AS | ||
5.95%, 05/15/45 | 250,000 | 337,379 |
RB Series AD | ||
4.86%, 05/15/12 | 250,000 | 309,355 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 200,000 | 242,651 |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19(a) | 200,000 | 194,253 |
University of Virginia | ||
Series C | ||
4.18%, 09/01/17(a) | 150,000 | 175,277 |
Utah | ||
GO (Build America Bonds) Series D | ||
4.55%, 07/01/24 | 850,000 | 900,787 |
GO (Build America Bonds) Series B | ||
3.54%, 07/01/25 | 525,000 | 553,862 |
Wisconsin | ||
RB Series A | ||
5.70%, 05/01/26 | 690,000 | 775,877 |
47,167,588 | ||
68,244,807 | ||
Sovereign 1.0% | ||
Canada 0.0% | ||
Canada Government International Bond | ||
2.63%, 01/25/22 | 1,200,000 | 1,224,312 |
2.00%, 11/15/22 | 750,000 | 757,530 |
1,981,842 | ||
Chile 0.0% | ||
Chile Government International Bond | ||
3.13%, 03/27/25 | 400,000 | 417,486 |
3.24%, 02/06/28(a) | 750,000 | 790,684 |
3.63%, 10/30/42 | 100,000 | 108,133 |
3.86%, 06/21/47 | 450,000 | 502,103 |
3.50%, 01/25/50(a) | 400,000 | 419,848 |
2,238,254 | ||
Colombia 0.1% | ||
Colombia Government International Bond | ||
4.38%, 07/12/21 | 1,000,000 | 1,032,970 |
4.00%, 02/26/24(a) | 700,000 | 738,728 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
8.13%, 05/21/24 | 300,000 | 369,776 |
4.50%, 01/28/26(a) | 1,000,000 | 1,090,480 |
3.88%, 04/25/27(a) | 650,000 | 688,363 |
4.50%, 03/15/29(a) | 400,000 | 444,162 |
7.38%, 09/18/37 | 550,000 | 782,633 |
6.13%, 01/18/41 | 850,000 | 1,102,509 |
5.63%, 02/26/44(a) | 1,250,000 | 1,556,525 |
5.00%, 06/15/45(a) | 900,000 | 1,048,518 |
5.20%, 05/15/49(a) | 500,000 | 603,570 |
9,458,234 | ||
Hungary 0.1% | ||
Hungary Government International Bond | ||
6.38%, 03/29/21 | 800,000 | 845,176 |
5.38%, 02/21/23 | 650,000 | 713,924 |
5.75%, 11/22/23 | 1,000,000 | 1,129,155 |
5.38%, 03/25/24 | 200,000 | 225,738 |
7.63%, 03/29/41 | 450,000 | 742,415 |
3,656,408 | ||
Indonesia 0.0% | ||
Indonesia Government International Bond | ||
2.95%, 01/11/23 | 350,000 | 356,209 |
4.45%, 02/11/24 | 250,000 | 269,798 |
3.50%, 01/11/28 | 250,000 | 261,701 |
4.10%, 04/24/28 | 500,000 | 543,600 |
4.75%, 02/11/29 | 200,000 | 229,379 |
3.40%, 09/18/29 | 200,000 | 209,156 |
4.35%, 01/11/48 | 700,000 | 773,150 |
5.35%, 02/11/49(i) | 500,000 | 645,995 |
3,288,988 | ||
Israel 0.0% | ||
Israel Government International Bond | ||
3.15%, 06/30/23 | 500,000 | 520,740 |
2.88%, 03/16/26 | 500,000 | 522,990 |
3.25%, 01/17/28 | 500,000 | 538,152 |
4.50%, 01/30/43 | 700,000 | 840,105 |
4.13%, 01/17/48 | 250,000 | 289,335 |
2,711,322 | ||
Italy 0.1% | ||
Italy Government International Bond | ||
6.88%, 09/27/23 | 1,000,000 | 1,148,625 |
2.38%, 10/17/24 | 750,000 | 735,495 |
2.88%, 10/17/29 | 700,000 | 665,872 |
5.38%, 06/15/33 | 804,000 | 937,187 |
4.00%, 10/17/49 | 750,000 | 718,522 |
4,205,701 | ||
Mexico 0.2% | ||
Mexico Government International Bond | ||
3.63%, 03/15/22 | 2,000,000 | 2,061,940 |
8.00%, 09/24/22 | 100,000 | 117,081 |
4.00%, 10/02/23 | 1,200,000 | 1,266,036 |
3.60%, 01/30/25 | 250,000 | 261,960 |
4.13%, 01/21/26 | 500,000 | 534,613 |
4.15%, 03/28/27 | 1,000,000 | 1,072,715 |
3.75%, 01/11/28 | 500,000 | 520,545 |
4.50%, 04/22/29 | 1,150,000 | 1,265,253 |
8.30%, 08/15/31 | 150,000 | 222,816 |
6.75%, 09/27/34 | 250,000 | 342,029 |
6.05%, 01/11/40 | 950,000 | 1,237,456 |
4.75%, 03/08/44 | 1,650,000 | 1,826,335 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.55%, 01/21/45 | 950,000 | 1,170,956 |
4.60%, 01/23/46 | 1,000,000 | 1,087,045 |
4.35%, 01/15/47 | 600,000 | 634,566 |
4.60%, 02/10/48 | 950,000 | 1,041,988 |
4.50%, 01/31/50(a) | 625,000 | 677,812 |
5.75%, 10/12/10 | 850,000 | 1,007,237 |
16,348,383 | ||
Panama 0.1% | ||
Panama Government International Bond | ||
4.00%, 09/22/24(a) | 700,000 | 749,900 |
3.75%, 03/16/25(a) | 750,000 | 797,467 |
9.38%, 04/01/29 | 500,000 | 763,550 |
3.16%, 01/23/30(a) | 600,000 | 619,437 |
6.70%, 01/26/36 | 750,000 | 1,053,532 |
4.50%, 05/15/47 | 200,000 | 238,577 |
4.50%, 04/16/50(a) | 950,000 | 1,128,448 |
4.30%, 04/29/53 | 400,000 | 467,242 |
3.87%, 07/23/60(a) | 225,000 | 242,828 |
6,060,981 | ||
Peru 0.1% | ||
Peruvian Government International Bond | ||
7.35%, 07/21/25 | 500,000 | 631,610 |
4.13%, 08/25/27 | 500,000 | 561,135 |
2.84%, 06/20/30 | 450,000 | 465,261 |
8.75%, 11/21/33 | 400,000 | 659,466 |
6.55%, 03/14/37 | 250,000 | 365,769 |
5.63%, 11/18/50 | 900,000 | 1,317,510 |
4,000,751 | ||
Philippines 0.1% | ||
Philippine Government International Bond | ||
4.00%, 01/15/21 | 550,000 | 561,949 |
4.20%, 01/21/24 | 950,000 | 1,026,109 |
9.50%, 10/21/24 | 500,000 | 667,828 |
10.63%, 03/16/25 | 250,000 | 353,796 |
5.50%, 03/30/26 | 600,000 | 711,816 |
3.00%, 02/01/28 | 450,000 | 468,902 |
3.75%, 01/14/29 | 400,000 | 442,654 |
9.50%, 02/02/30 | 650,000 | 1,039,941 |
7.75%, 01/14/31 | 350,000 | 518,459 |
6.38%, 01/15/32 | 350,000 | 477,699 |
6.38%, 10/23/34 | 500,000 | 711,718 |
3.95%, 01/20/40 | 1,500,000 | 1,725,307 |
3.70%, 02/02/42 | 900,000 | 1,023,044 |
9,729,222 | ||
Poland 0.1% | ||
Poland Government International Bond | ||
5.13%, 04/21/21 | 650,000 | 678,314 |
5.00%, 03/23/22 | 850,000 | 909,530 |
3.00%, 03/17/23 | 750,000 | 773,921 |
4.00%, 01/22/24 | 500,000 | 538,785 |
3.25%, 04/06/26 | 544,000 | 577,595 |
3,478,145 | ||
Republic of Korea 0.0% | ||
Korea International Bond | ||
3.88%, 09/11/23 | 800,000 | 853,672 |
2.75%, 01/19/27 | 250,000 | 256,511 |
3.50%, 09/20/28 | 200,000 | 218,099 |
2.50%, 06/19/29 | 350,000 | 354,776 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.13%, 06/10/44 | 200,000 | 245,746 |
3.88%, 09/20/48 | 200,000 | 240,911 |
2,169,715 | ||
Uruguay 0.1% | ||
Uruguay Government International Bond | ||
8.00%, 11/18/22 | 100,000 | 111,605 |
4.50%, 08/14/24(i) | 150,000 | 162,308 |
4.38%, 10/27/27 | 500,000 | 552,375 |
4.38%, 01/23/31(a) | 250,000 | 279,850 |
7.63%, 03/21/36 | 800,000 | 1,185,344 |
4.13%, 11/20/45 | 150,000 | 161,439 |
5.10%, 06/18/50 | 1,200,000 | 1,444,752 |
4.98%, 04/20/55 | 800,000 | 945,564 |
4,843,237 | ||
74,171,183 | ||
Supranational* 1.3% | ||
African Development Bank | ||
2.63%, 03/22/21 | 450,000 | 455,150 |
2.38%, 09/23/21 | 1,150,000 | 1,163,760 |
1.63%, 09/16/22 | 350,000 | 349,692 |
2.13%, 11/16/22 | 1,500,000 | 1,518,825 |
Asian Development Bank | ||
2.25%, 01/20/21 | 950,000 | 955,809 |
1.63%, 03/16/21 | 500,000 | 499,763 |
1.75%, 06/08/21 | 250,000 | 250,323 |
2.00%, 02/16/22 | 2,600,000 | 2,619,162 |
1.88%, 02/18/22 | 750,000 | 753,397 |
1.88%, 07/19/22 | 650,000 | 653,539 |
1.75%, 09/13/22 | 3,325,000 | 3,332,997 |
2.75%, 03/17/23 | 300,000 | 310,068 |
2.63%, 01/30/24 | 445,000 | 460,524 |
1.50%, 10/18/24 | 1,000,000 | 989,015 |
2.00%, 01/22/25 | 1,650,000 | 1,669,288 |
2.00%, 04/24/26 | 500,000 | 503,943 |
2.63%, 01/12/27 | 800,000 | 839,052 |
2.50%, 11/02/27 | 250,000 | 260,746 |
2.75%, 01/19/28 | 250,000 | 265,241 |
1.75%, 09/19/29 | 750,000 | 734,269 |
Asian Infrastructure Investment Bank | ||
2.25%, 05/16/24 | 750,000 | 765,184 |
Corp. Andina de Fomento | ||
2.13%, 09/27/21 | 1,113,000 | 1,111,414 |
4.38%, 06/15/22 | 550,000 | 576,367 |
3.75%, 11/23/23 | 250,000 | 262,460 |
Council of Europe Development Bank | ||
1.63%, 03/16/21 | 500,000 | 499,545 |
1.75%, 09/26/22 | 650,000 | 651,550 |
2.50%, 02/27/24 | 115,000 | 118,420 |
European Bank for Reconstruction & Development | ||
2.00%, 02/01/21 | 100,000 | 100,320 |
2.75%, 04/26/21 | 750,000 | 760,297 |
1.88%, 07/15/21 | 500,000 | 501,543 |
1.50%, 11/02/21 | 1,100,000 | 1,096,876 |
2.75%, 03/07/23 | 325,000 | 335,847 |
1.63%, 09/27/24 | 250,000 | 248,440 |
European Investment Bank | ||
2.00%, 03/15/21 | 1,000,000 | 1,004,090 |
2.50%, 04/15/21 | 1,000,000 | 1,010,700 |
2.38%, 05/13/21 | 1,600,000 | 1,615,720 |
1.63%, 06/15/21 | 1,000,000 | 999,790 |
1.38%, 09/15/21 | 1,150,000 | 1,144,900 |
2.13%, 10/15/21 | 750,000 | 756,386 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.88%, 12/15/21 | 1,250,000 | 1,279,619 |
2.25%, 03/15/22 | 1,500,000 | 1,519,470 |
2.63%, 05/20/22 | 750,000 | 767,070 |
2.38%, 06/15/22 | 1,650,000 | 1,678,842 |
2.25%, 08/15/22 | 470,000 | 477,184 |
1.38%, 09/06/22 | 900,000 | 893,623 |
2.50%, 03/15/23 | 1,600,000 | 1,641,528 |
2.88%, 08/15/23 | 1,400,000 | 1,458,359 |
3.13%, 12/14/23 | 1,300,000 | 1,371,181 |
3.25%, 01/29/24 | 1,850,000 | 1,960,047 |
2.63%, 03/15/24 | 1,450,000 | 1,502,084 |
2.25%, 06/24/24 | 450,000 | 459,835 |
2.50%, 10/15/24 | 500,000 | 517,300 |
1.88%, 02/10/25 | 1,250,000 | 1,257,712 |
2.13%, 04/13/26 | 750,000 | 762,281 |
2.38%, 05/24/27 | 367,000 | 379,579 |
1.63%, 10/09/29 | 300,000 | 290,955 |
4.88%, 02/15/36 | 350,000 | 471,023 |
Inter-American Development Bank | ||
1.88%, 03/15/21 | 4,250,000 | 4,260,667 |
2.63%, 04/19/21 | 1,100,000 | 1,113,744 |
1.25%, 09/14/21 | 650,000 | 645,762 |
2.13%, 01/18/22 | 1,250,000 | 1,262,031 |
1.75%, 04/14/22 | 1,100,000 | 1,102,227 |
2.50%, 01/18/23 | 1,250,000 | 1,280,512 |
2.63%, 01/16/24 | 800,000 | 827,528 |
3.00%, 02/21/24 | 500,000 | 524,898 |
2.00%, 06/02/26 | 100,000 | 100,836 |
2.00%, 07/23/26 | 250,000 | 251,901 |
2.38%, 07/07/27 | 1,100,000 | 1,136,250 |
3.13%, 09/18/28 | 1,500,000 | 1,638,892 |
2.25%, 06/18/29 | 500,000 | 512,123 |
3.88%, 10/28/41 | 150,000 | 184,621 |
4.38%, 01/24/44 | 500,000 | 667,288 |
International Bank for Reconstruction & Development | ||
1.63%, 03/09/21 | 650,000 | 649,708 |
1.38%, 05/24/21 | 2,250,000 | 2,241,574 |
2.25%, 06/24/21 | 3,000,000 | 3,026,295 |
2.75%, 07/23/21 | 1,550,000 | 1,576,272 |
1.38%, 09/20/21 | 250,000 | 248,869 |
2.00%, 01/26/22 | 2,700,000 | 2,719,291 |
1.63%, 02/10/22 | 725,000 | 724,667 |
2.13%, 07/01/22 | 1,250,000 | 1,264,481 |
1.88%, 10/07/22 | 2,250,000 | 2,263,961 |
7.63%, 01/19/23 | 500,000 | 587,655 |
1.88%, 06/19/23 | 250,000 | 251,783 |
3.00%, 09/27/23 | 1,560,000 | 1,634,646 |
2.50%, 03/19/24 | 1,250,000 | 1,289,056 |
1.50%, 08/28/24 | 950,000 | 939,859 |
2.50%, 11/25/24 | 1,300,000 | 1,345,714 |
2.50%, 07/29/25 | 2,000,000 | 2,075,950 |
1.88%, 10/27/26 | 1,000,000 | 1,001,020 |
2.50%, 11/22/27 | 200,000 | 208,895 |
1.75%, 10/23/29 | 500,000 | 489,550 |
4.75%, 02/15/35 | 350,000 | 458,315 |
International Finance Corp. | ||
2.25%, 01/25/21 | 1,200,000 | 1,207,296 |
1.13%, 07/20/21 | 1,000,000 | 992,120 |
2.88%, 07/31/23 | 500,000 | 520,865 |
1.38%, 10/16/24 | 750,000 | 737,678 |
Nordic Investment Bank | ||
2.25%, 02/01/21 | 250,000 | 251,439 |
2.25%, 09/30/21 | 950,000 | 959,272 |
2.13%, 02/01/22 | 250,000 | 252,290 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
1.38%, 10/17/22 | 200,000 | 198,375 |
2.88%, 07/19/23 | 450,000 | 468,412 |
96,926,692 | ||
Total Government Related | ||
(Cost $401,853,181) | 416,765,231 | |
Securitized29.5% of net assets | ||
Asset-Backed Securities 0.5% | ||
Automobile 0.2% | ||
BMW Vehicle Owner Trust | ||
Series 2018-A, Class A4 | ||
2.51%, 06/25/24(a) | 1,400,000 | 1,411,371 |
Ford Credit Auto Owner Trust | ||
Series 2017-B, Class A4 | ||
1.87%, 09/15/22(a) | 1,100,000 | 1,099,340 |
Series 2018-A, Class A4 | ||
3.16%, 10/15/23(a) | 1,550,000 | 1,584,709 |
Honda Auto Receivables Owner Trust | ||
Series 2017-2, Class A4 | ||
1.87%, 09/15/23(a) | 4,740,000 | 4,736,138 |
Series 2017-3, Class A4 | ||
1.98%, 11/20/23(a) | 1,290,000 | 1,290,292 |
Series 2018-3, Class A4 | ||
3.07%, 11/21/24(a) | 540,000 | 551,579 |
Mercedes-Benz Auto Receivables Trust | ||
Series 2018-1, Class A3 | ||
3.03%, 01/17/23(a) | 610,000 | 616,275 |
Nissan Auto Receivables Owner Trust | ||
Series 2018-B, Class A3 | ||
3.06%, 03/15/23(a) | 820,000 | 831,334 |
Series 2017-C, Class A4 | ||
2.28%, 02/15/24(a) | 900,000 | 904,432 |
Series 2018-A, Class A4, ABS | ||
2.89%, 06/17/24(a) | 500,000 | 507,744 |
Toyota Auto Receivables Owner Trust | ||
Series 2018-C, Class A4 | ||
3.13%, 02/15/24(a) | 1,200,000 | 1,232,702 |
14,765,916 | ||
Credit Card 0.3% | ||
American Express Credit Account Master Trust | ||
Series 2018-8, Class A | ||
3.18%, 04/15/24(a) | 1,200,000 | 1,227,090 |
Series 2019-1, Class A | ||
2.87%, 10/15/24(a) | 1,300,000 | 1,328,363 |
Series 2018-2, Class A | ||
3.01%, 10/15/25(a) | 5,200,000 | 5,375,104 |
Capital One Multi-Asset Execution Trust | ||
Series 2017-A6, Class A6 | ||
2.29%, 07/15/25(a) | 1,300,000 | 1,315,009 |
Series 2019-A3, Class A3, ABS | ||
2.06%, 08/15/28(a) | 1,100,000 | 1,079,245 |
Citibank Credit Card Issuance Trust | ||
Series 2018-A1, Class A1 | ||
2.49%, 01/20/23(a) | 1,700,000 | 1,711,691 |
Series 2014-A1 Class A1 | ||
2.88%, 01/23/23(a) | 1,175,000 | 1,187,138 |
Series 2018-A6, Class A6 | ||
3.21%, 12/07/24(a) | 1,150,000 | 1,193,360 |
Discover Card Execution Note Trust | ||
Series 2018-A5, Class A5 | ||
3.32%, 03/15/24(a) | 585,000 | 599,019 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series 2017-A2, Class A2 | ||
2.39%, 07/15/24(a) | 1,363,000 | 1,376,482 |
Series 2018-A1, Class A1 | ||
3.03%, 08/15/25(a) | 2,100,000 | 2,163,240 |
18,555,741 | ||
33,321,657 | ||
Commercial Mortgage-Backed Securities 2.1% | ||
BANK | ||
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50(a) | 600,000 | 638,739 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54(a) | 1,000,000 | 1,068,144 |
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60(a) | 1,000,000 | 1,060,810 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61(a) | 800,000 | 835,601 |
BBCMS Mortgage Trust 2018-C2 | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51(a) | 1,150,000 | 1,273,982 |
Benchmark 2019-B12 Mortgage Trust | ||
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52(a) | 600,000 | 623,315 |
Benchmark 2019-B9 Mortgage Trust | ||
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52(a) | 600,000 | 664,901 |
CCUBS Commercial Mortgage Trust | ||
Series 2017-C1, Class A4 | ||
3.54%, 11/15/50(a) | 1,747,000 | 1,862,141 |
CD Mortgage Trust | ||
Series 2017-CD3, Class A4 | ||
3.63%, 02/10/50(a) | 1,715,000 | 1,836,554 |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3 Class A3 | ||
3.87%, 01/10/48(a) | 5,325,000 | 5,722,902 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54(a) | 3,625,000 | 3,909,947 |
Series 2016-C4 Class A4 | ||
3.28%, 05/10/58(a) | 1,000,000 | 1,040,518 |
Citigroup Commercial Mortgage Trust | ||
Series 2013-GC17 Class A4 | ||
4.13%, 11/10/46(a) | 615,000 | 655,175 |
Series 2014-GC23 Class A4 | ||
3.62%, 07/10/47(a) | 1,000,000 | 1,055,821 |
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47(a) | 210,000 | 221,601 |
Series 2016-GC36 Class A5 | ||
3.62%, 02/10/49(a) | 3,350,000 | 3,565,205 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49(a) | 600,000 | 628,655 |
Series 2017-P7, Class A4 | ||
3.71%, 04/14/50(a) | 500,000 | 538,144 |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50(a) | 2,600,000 | 2,760,298 |
COMM Mortgage Trust | ||
Series 2012-LC4 Class A4 | ||
3.29%, 12/10/44(a) | 286,225 | 290,981 |
Series 2012-CR3 Class A3 | ||
2.82%, 10/15/45(a) | 254,249 | 257,475 |
Series 2013-CR6, Class A4 | ||
3.10%, 03/10/46(a) | 4,950,000 | 5,062,618 |
Series 2014-CR14 Class A3 | ||
3.96%, 02/10/47(a) | 240,000 | 254,520 |
Series 2014-CR16 Class ASB | ||
3.65%, 04/10/47(a) | 551,426 | 566,819 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series 2014-LC15, Class A4 | ||
4.01%, 04/10/47(a) | 400,000 | 425,759 |
Series 2014-CR18 Class A4 | ||
3.55%, 07/15/47(a) | 497,004 | 518,580 |
Series 2014-CR19 Class ASB | ||
3.50%, 08/10/47(a) | 375,956 | 387,379 |
Series 2014-UBS4, Class A5 | ||
3.69%, 08/10/47(a) | 1,850,000 | 1,953,166 |
Series 2014-CR20 Class A3 | ||
3.33%, 11/10/47(a) | 2,050,000 | 2,139,944 |
Series 2014-CR21, Class A3 | ||
3.53%, 12/10/47(a) | 177,518 | 186,180 |
Series 2015-CR22, Class A5 | ||
3.31%, 03/10/48(a) | 750,000 | 782,673 |
Series 2015-CR24 Class A5 | ||
3.70%, 08/10/48(a) | 400,000 | 425,376 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48(a) | 440,000 | 470,897 |
Series 2016-CR28 Class A4 | ||
3.76%, 02/10/49(a) | 2,700,000 | 2,883,155 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49(a) | 100,000 | 106,883 |
Series 2015-PC1, Class ASB | ||
3.61%, 07/10/50(a) | 2,225,000 | 2,306,109 |
Series 2015-PC1, Class A5 | ||
3.90%, 07/10/50(a) | 497,400 | 531,091 |
Series 2013-CR11 Class A3 | ||
3.98%, 08/10/50(a) | 449,881 | 475,773 |
Series 2013-CR11 Class A4 | ||
4.26%, 08/10/50(a) | 340,000 | 363,086 |
Series 2018-COR3, Class A3 | ||
4.23%, 05/10/51(a) | 2,800,000 | 3,124,444 |
CSAIL Commercial Mortgage Trust | ||
Series 2015-C3, Class A4 | ||
3.72%, 08/15/48(a) | 300,000 | 318,721 |
Series 2015-C1 Class A4 | ||
3.51%, 04/15/50(a) | 308,000 | 323,342 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49(a) | 100,000 | 107,454 |
Fannie Mae | ||
Series 2010-M3 Class A3 | ||
4.33%, 03/25/20(a)(f)(l) | 26,934 | 26,934 |
Series 2015-M4 Class AV2 | ||
2.51%, 07/25/22(a) | 61,975 | 62,540 |
Series 2016-M3 Class ASQ2 | ||
2.26%, 02/25/23(a)(f)(l) | 38,638 | 38,855 |
Series 2014-M9 Class A2 | ||
3.10%, 07/25/24(a)(f)(l) | 492,000 | 510,457 |
Series 2015-M3 Class A2 | ||
2.72%, 10/25/24(a) | 550,000 | 561,219 |
Series 2015-M13 Class A2 | ||
2.80%, 06/25/25(a)(f)(l) | 150,000 | 153,927 |
Series 2016-M6 Class A2 | ||
2.49%, 05/25/26(a) | 2,600,000 | 2,632,983 |
Freddie Mac | ||
Series K018, Class A2 | ||
2.79%, 01/25/22(a) | 149,494 | 150,777 |
Series K020 Class A2 | ||
2.37%, 05/25/22(a) | 450,000 | 453,345 |
Series K022 Class A2 | ||
2.36%, 07/25/22(a) | 1,200,000 | 1,209,847 |
Series K024 Class A2 | ||
2.57%, 09/25/22(a) | 800,000 | 811,199 |
Series K025 Class A2 | ||
2.68%, 10/25/22(a) | 511,000 | 519,833 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series K026 Class A2 | ||
2.51%, 11/25/22(a) | 550,000 | 557,154 |
Series K027 Class A2 | ||
2.64%, 01/25/23(a) | 2,005,000 | 2,039,216 |
Series K028 Class A2 | ||
3.11%, 02/25/23(a) | 250,000 | 257,732 |
Series K030 Class A2 | ||
3.25%, 04/25/23(a)(f)(m) | 850,000 | 880,879 |
Series K031 Class A2 | ||
3.30%, 04/25/23(a) | 3,225,000 | 3,352,224 |
Series K033 Class A2 | ||
3.06%, 07/25/23(a) | 1,540,000 | 1,591,701 |
Series K034, Class A2 | ||
3.53%, 07/25/23(a) | 150,000 | 157,396 |
Series K035 Class A2 | ||
3.46%, 08/25/23(a)(f)(m) | 450,000 | 471,327 |
Series K725, Class A2 | ||
3.00%, 01/25/24(a) | 1,300,000 | 1,343,087 |
Series K037 Class A2 | ||
3.49%, 01/25/24(a) | 600,000 | 631,409 |
Series K727, Class A2 | ||
2.95%, 07/25/24(a) | 1,765,000 | 1,820,374 |
Series K728, Class A2 | ||
3.06%, 08/25/24(a)(f)(m) | 3,700,000 | 3,842,007 |
Series K040 Class A2 | ||
3.24%, 09/25/24(a) | 750,000 | 787,161 |
Series K045 Class A1 | ||
2.49%, 11/25/24(a) | 387,188 | 391,447 |
Series K042, Class A2 | ||
2.67%, 12/25/24(a) | 100,000 | 102,494 |
Series K043, Class A2 | ||
3.06%, 12/25/24(a) | 750,000 | 781,923 |
Series K044, Class A2 | ||
2.81%, 01/25/25(a) | 1,015,000 | 1,046,543 |
Series K045 Class A2 | ||
3.02%, 01/25/25(a) | 400,000 | 416,421 |
Series K053, Class A1 | ||
2.55%, 02/25/25(a) | 507,065 | 513,997 |
Series K731, Class A2 | ||
3.60%, 02/25/25(a)(f)(m) | 300,000 | 317,785 |
Series K046 Class A2 | ||
3.21%, 03/25/25(a) | 920,000 | 966,611 |
Series KS03, Class A4 | ||
3.16%, 05/25/25(a)(f)(m) | 250,000 | 261,627 |
Series K048 Class A2 | ||
3.28%, 06/25/25(a)(f)(m) | 838,000 | 884,567 |
Series K733, Class A2 | ||
3.75%, 08/25/25(a)(f)(m) | 1,500,000 | 1,609,307 |
Series K053, Class A2 | ||
3.00%, 12/25/25(a) | 950,000 | 990,297 |
Series K054, Class A2 | ||
2.75%, 01/25/26(a) | 300,000 | 308,620 |
Series K055, Class A2 | ||
2.67%, 03/25/26(a) | 750,000 | 768,718 |
Series K062, Class A2 | ||
3.41%, 12/25/26(a) | 3,909,151 | 4,186,037 |
Series K064, Class A2 | ||
3.22%, 03/25/27(a) | 107,000 | 113,330 |
Series K071, Class A2 | ||
3.29%, 11/25/27(a) | 4,768,000 | 5,067,343 |
Series K072, Class A2 | ||
3.44%, 12/25/27(a) | 1,500,000 | 1,611,905 |
Series K074, Class A2 | ||
3.60%, 01/25/28(a) | 7,175,000 | 7,785,566 |
Series K078, Class A2 | ||
3.85%, 06/25/28(a) | 1,183,000 | 1,304,805 |
Series K083, Class A2 | ||
4.05%, 09/25/28(a)(f)(m) | 500,000 | 559,271 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series K085, Class A2 | ||
4.06%, 10/25/28(a)(f)(m) | 900,000 | 1,006,581 |
Series K087, Class A2 | ||
3.77%, 12/25/28(a) | 960,000 | 1,055,144 |
Series K154, Class A2 | ||
3.42%, 04/25/32(a) | 1,360,000 | 1,477,801 |
Series K155, Class A3 | ||
3.75%, 04/25/33(a) | 835,000 | 923,036 |
Series K157, Class A2 | ||
3.99%, 05/25/33(a) | 1,700,000 | 1,923,589 |
GS Mortgage Securities Trust | ||
Series 2013-GC13 Class A5 | ||
4.19%, 07/10/46(a)(f)(n) | 649,000 | 691,550 |
Series 2013-GC14 Class A5 | ||
4.24%, 08/10/46(a) | 700,000 | 744,817 |
Series 2016-GS4, Class A4 | ||
3.44%, 11/10/49(a) | 365,000 | 385,832 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2012-C6 Class A3 | ||
3.51%, 05/15/45(a) | 286,383 | 294,445 |
Series 2012-CBX Class A4 | ||
3.48%, 06/15/45(a) | 408,633 | 416,808 |
Series 2014-C20 Class A4A1 | ||
3.54%, 07/15/47(a) | 800,000 | 830,369 |
Series 2015-JP1 Class A4 | ||
3.65%, 01/15/49(a) | 600,000 | 638,262 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2015-C29 Class A4 | ||
3.61%, 05/15/48(a) | 1,000,000 | 1,058,139 |
Series 2015-C28 Class A4 | ||
3.23%, 10/15/48(a) | 2,000,000 | 2,076,574 |
Series 2015-C33 Class A4 | ||
3.77%, 12/15/48(a) | 1,150,000 | 1,230,893 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2012-C5 Class A4 | ||
3.18%, 08/15/45(a) | 430,000 | 438,708 |
Series 2013-C10 Class A4 | ||
4.08%, 07/15/46(a)(f)(n) | 180,000 | 190,683 |
Series 2013-C11, Class A4 | ||
4.15%, 08/15/46(a)(f)(m) | 1,000,000 | 1,063,295 |
Series 2014-C16 Class A5 | ||
3.89%, 06/15/47(a) | 270,000 | 286,347 |
Series 2015-C24 Class ASB | ||
3.48%, 05/15/48(a) | 1,000,000 | 1,033,264 |
Series 2013-C8, Class AS | ||
3.38%, 12/15/48(a) | 80,000 | 82,269 |
Morgan Stanley Capital I Trust | ||
Series 2012-C4 Class A4 | ||
3.24%, 03/15/45(a) | 300,000 | 305,322 |
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48(a) | 400,000 | 428,546 |
Series 2017-HR2, Class A4 | ||
3.59%, 12/15/50(a) | 1,300,000 | 1,393,719 |
UBS Commercial Mortgage Trust | ||
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50(a) | 1,550,000 | 1,638,430 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50(a) | 1,000,000 | 1,069,909 |
UBS-Barclays Commercial Mortgage Trust | ||
Series 2012-C4 Class A5 | ||
2.85%, 12/10/45(a) | 500,000 | 508,475 |
Series 2013-C5 Class A4 | ||
3.18%, 03/10/46(a) | 1,850,000 | 1,899,258 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2013-LC12 Class A4 | ||
4.22%, 07/15/46(a)(f)(n) | 640,000 | 679,117 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48(a) | 1,201,180 | 1,248,167 |
Series 2015-C31 Class A3 | ||
3.43%, 11/15/48(a) | 1,514,286 | 1,587,829 |
Series 2015-P2, Class A4 | ||
3.81%, 12/15/48(a) | 1,500,000 | 1,610,099 |
Series 2016-NXS6, Class A4 | ||
2.92%, 11/15/49(a) | 150,000 | 153,851 |
Series 2014-LC16 Class A4 | ||
3.55%, 08/15/50(a) | 875,000 | 907,279 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50(a) | 1,551,000 | 1,655,361 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50(a) | 2,000,000 | 2,121,632 |
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50(a) | 1,700,000 | 1,818,607 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51(a) | 1,500,000 | 1,670,019 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52(a) | 700,000 | 759,717 |
Series 2019-C52, Class A5 | ||
2.89%, 08/15/52(a) | 1,000,000 | 1,018,488 |
Series 2015-C30 Class A4 | ||
3.66%, 09/15/58(a) | 723,000 | 769,678 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59(a) | 1,375,000 | 1,436,113 |
WFRBS Commercial Mortgage Trust | ||
Series 2012-C7 Class A1 | ||
2.30%, 06/15/45(a) | 45,811 | 45,800 |
Series 2013-C14 Class A5 | ||
3.34%, 06/15/46(a) | 547,687 | 566,099 |
Series 2013-C15 Class A4 | ||
4.15%, 08/15/46(a)(f)(n) | 520,000 | 551,080 |
Series 2014-C19 Class A4 | ||
3.83%, 03/15/47(a) | 100,000 | 105,513 |
Series 2013-C12 Class A4 | ||
3.20%, 03/15/48(a) | 881,000 | 905,744 |
153,779,333 | ||
Covered 0.0% | ||
Bank of Nova Scotia | ||
1.88%, 04/26/21 | 560,000 | 560,443 |
Royal Bank of Canada | ||
2.10%, 10/14/20 | 500,000 | 500,875 |
2.30%, 03/22/21 | 600,000 | 603,327 |
1,664,645 | ||
Mortgage-Backed Securities Pass-Through 26.9% | ||
Fannie Mae | ||
4.00%, 02/01/24 to 08/01/49(a) | 175,148,460 | 184,742,430 |
4.00%, 04/01/24 to 05/01/41(a)(c) | 523,896 | 558,755 |
5.50%, 06/01/24 to 08/01/41(a) | 8,490,825 | 9,508,494 |
4.50%, 12/01/24 to 10/01/49(a) | 63,026,593 | 67,492,277 |
3.50%, 08/01/25 to 10/01/49(a) | 223,327,828 | 233,032,329 |
3.00%, 12/01/25 to 12/01/49(a) | 206,765,526 | 211,871,279 |
2.50%, 07/01/27 to 12/01/49(a) | 54,492,922 | 54,891,709 |
2.00%, 04/01/28 to 11/01/34(a) | 5,457,115 | 5,418,046 |
5.50%, 07/01/29 to 07/01/36(a)(c) | 428,245 | 475,782 |
6.00%, 12/01/32 to 07/01/41(a) | 3,575,298 | 4,092,765 |
5.00%, 09/01/33 to 09/01/39(a)(c) | 1,040,777 | 1,151,098 |
5.00%, 11/01/33 to 09/01/49(a) | 18,201,934 | 19,840,468 |
6.50%, 08/01/34 to 05/01/40(a) | 1,014,411 | 1,166,822 |
6.00%, 07/01/35 to 10/01/39(a)(c) | 934,550 | 1,068,821 |
4.50%, 04/01/39 to 04/01/41(a)(c) | 1,430,722 | 1,556,088 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.50%, 10/01/40 to 04/01/42(a)(c) | 1,988,629 | 2,095,149 |
3.00%, 07/01/43(a)(c) | 1,041,151 | 1,071,635 |
Fannie Mae TBA | ||
2.50%, 01/01/35 to 01/01/50(a)(h) | 6,000,000 | 6,034,487 |
3.00%, 01/01/35 to 01/01/50(a)(h) | 40,000,000 | 40,773,836 |
3.50%, 01/01/35 to 01/01/50(a)(h) | 39,000,000 | 40,210,164 |
4.00%, 01/01/35 to 01/01/50(a)(h) | 15,000,000 | 15,616,610 |
4.50%, 01/01/50(a)(h) | 12,500,000 | 13,161,453 |
5.00%, 01/01/50(a)(h) | 2,500,000 | 2,672,867 |
Freddie Mac | ||
2.00%, 08/01/23 to 12/01/31(a) | 1,621,055 | 1,616,244 |
4.00%, 03/01/24 to 01/01/50(a) | 96,050,616 | 101,238,443 |
5.50%, 05/01/24 to 02/01/40(a)(c) | 385,272 | 429,645 |
5.50%, 04/01/25 to 08/01/41(a) | 3,931,681 | 4,402,277 |
3.50%, 12/01/25 to 01/01/50(a) | 142,220,210 | 148,316,602 |
3.00%, 08/01/26 to 01/01/50(a) | 147,804,059 | 151,395,678 |
2.50%, 04/01/27 to 01/01/50(a) | 37,076,562 | 37,334,709 |
6.00%, 09/01/32 to 06/01/39(a) | 2,362,835 | 2,700,302 |
6.50%, 12/01/33 to 09/01/39(a) | 330,332 | 385,835 |
5.00%, 06/01/34 to 09/01/49(a) | 10,359,332 | 11,334,098 |
6.00%, 06/01/34(a)(c) | 125,243 | 142,237 |
5.00%, 11/01/34 to 08/01/39(a)(c) | 891,147 | 986,012 |
4.50%, 05/01/39 to 07/01/39(a)(c) | 255,798 | 279,008 |
4.50%, 05/01/39 to 08/01/49(a) | 33,813,290 | 36,261,616 |
4.00%, 05/01/44(a)(c) | 1,397,209 | 1,487,594 |
Ginnie Mae | ||
3.00%, 01/20/27 to 12/20/49(a) | 143,401,023 | 148,035,078 |
2.50%, 03/20/27 to 12/20/49(a) | 9,575,211 | 9,673,209 |
6.00%, 10/20/32 to 01/20/45(a) | 1,495,714 | 1,706,377 |
5.50%, 02/20/33 to 03/20/49(a) | 3,075,210 | 3,404,362 |
3.50%, 03/20/33 to 12/20/49(a) | 187,826,300 | 195,867,098 |
5.00%, 03/20/33 to 07/20/49(a) | 20,445,431 | 21,927,680 |
5.50%, 04/15/33(a)(c) | 136,970 | 152,175 |
5.00%, 05/15/33 to 07/20/39(a)(c) | 407,884 | 445,664 |
4.50%, 01/20/39 to 10/20/49(a) | 54,523,214 | 57,878,449 |
4.50%, 03/20/39(a)(c) | 225,435 | 242,281 |
4.00%, 06/15/39 to 12/20/49(a) | 109,701,776 | 114,987,902 |
3.50%, 08/20/44(a)(c) | 1,088,814 | 1,141,452 |
Ginnie Mae TBA | ||
3.00%, 01/01/50(a)(h) | 2,500,000 | 2,568,053 |
3.50%, 01/01/50(a)(h) | 10,500,000 | 10,822,301 |
4.00%, 01/01/50(a)(h) | 4,000,000 | 4,140,503 |
1,989,806,248 | ||
Total Securitized | ||
(Cost $2,149,677,145) | 2,178,571,883 | |
Security | Number of Shares | Value ($) |
Other Investment Companies2.9% of net assets | ||
Money Market Fund 2.9% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(o) | 215,361,706 | 215,361,706 |
Security | Number of Shares | Value ($) |
Securities Lending Collateral 0.0% | ||
Wells Fargo Government Money Market Fund, Select Class 1.55%(o) | 990,563 | 990,563 |
Total Other Investment Companies | ||
(Cost $216,352,269) | 216,352,269 |
* | Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security converts to floating rate after the fixed-rate coupon period. |
(c) | All or a portion of this security is held as collateral for delayed-delivery securities. |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $48,595,578 or 0.7% of net assets. |
(f) | Variable-rate security. |
(g) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(h) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(i) | All or a portion of this security is on loan. Securities on loan were valued at $959,774. |
(j) | Guaranteed by the Republic of Germany. |
(k) | Zero Coupon Bond. |
(l) | Variable rate is determined by formula set forth in the security’s offering documents and is affected by the MBS (Mortgage-Backed Securities) pass-through rate, which is the rate earned from a securitized asset pool once management fees and guarantee fees have been paid to the securitizing corporation. |
(m) | Variable rate is determined by formula set forth in the security’s offering documents and is affected by the current WAC (Weighted Average Coupon), which is the weighted average gross interest rate of the securitized asset pool and is determined by the different speeds at which the underlying mortgages are paid down. |
(n) | Security is a type of structured mortgage-backed security (MBS) that involves tranching (i.e. dividing) the underlying MBS pools’ cash flows into securities that have varying coupon and principal payback profiles. Tranches pay an investor an interest rate, which is determined by a formula set forth in the security’s offering documents. The floating interest rate may reset once a year and is generally tied to the London Interbank Offered Rate (LIBOR), the Constant Maturity Treasury (CMT), or the Cost of Funds Index (COFI). LIBOR is the interest rate banks charge each other for short-term loans. The CMT is an index published by the Federal Reserve Board to compute an index based on the monthly average yield of a range of Treasury securities maturing at different periods, adjusted to the equivalent of a one-year maturity. The COFI is a regional index of the average interest expenses paid by financial institutions on money market accounts, passbooks, CDs, and other liabilities. A variable interest rate can also be affected by the current WAC (Weighted Average Coupon), which is the weighted average gross interest rate of the securitized asset pool and is determined by the different speeds at which the underlying mortgages are paid down. |
(o) | The rate shown is the 7-day yield. |
GO — | General obligation |
RB — | Revenue bond |
REIT — | Real Estate Investment Trust |
TBA — | To-be-announced |
Market Value at 12/31/18 | Gross Purchases* | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 12/31/19 | Face amount at 12/31/19 | Interest Income Earned | |
Charles Schwab Corp., 3.20%, 01/25/2028 | $— | $474,696 | $— | $— | $1,597 | $476,293 | 450,000 | $462 |
Charles Schwab Corp., 3.25%, 05/21/2021 | — | 203,595 | — | — | 264 | 203,859 | 200,000 | 361 |
Total | $— | $678,291 | $— | $— | $1,861 | $680,152 | $823 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Corporates1 | $— | $1,834,429,772 | $— | $1,834,429,772 | |
Treasuries | — | 2,902,861,698 | — | 2,902,861,698 | |
Government Related1 | — | 416,765,231 | — | 416,765,231 | |
Securitized1 | — | 2,178,571,883 | — | 2,178,571,883 | |
Other Investment Companies1 | 216,352,269 | — | — | 216,352,269 | |
Total | $216,352,269 | $7,332,628,584 | $— | $7,548,980,853 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in affiliated issuer, at value (cost $678,291) | $680,152 | |
Investments in unaffiliated issuers, at value (cost $7,313,460,841) including securities on loan of $959,774 | 7,547,310,138 | |
Collateral invested for securities on loan, at value (cost $990,563) | 990,563 | |
Cash | 996,243 | |
Receivables: | ||
Investments sold | 120,542,317 | |
Interest | 42,826,531 | |
Dividends | 258,325 | |
Income from securities on loan | + | 504 |
Total assets | 7,713,604,773 | |
Liabilities | ||
Collateral held for securities on loan | 990,563 | |
Payables: | ||
Investments bought | 161,935,635 | |
Investments bought — Delayed delivery | 166,921,539 | |
Management fees | + | 248,035 |
Total liabilities | 330,095,772 | |
Net Assets | ||
Total assets | 7,713,604,773 | |
Total liabilities | – | 330,095,772 |
Net assets | $7,383,509,001 | |
Net Assets by Source | ||
Capital received from investors | 7,201,436,136 | |
Total distributable earnings | 182,072,865 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,383,509,001 | 138,200,000 | $53.43 | ||
Investment Income | ||
Dividends received from unaffiliated issuers | $1,549,662 | |
Interest received from affiliated issuer | 823 | |
Interest received from unaffiliated issuers | 175,862,893 | |
Securities on loan, net | + | 4,401 |
Total investment income | 177,417,779 | |
Expenses | ||
Management fees | 2,577,987 | |
Total expenses | – | 2,577,987 |
Net investment income | 174,839,792 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on unaffiliated investments | 9,439,160 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | 1,861 | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | + | 330,896,300 |
Net change in unrealized appreciation (depreciation) | + | 330,898,161 |
Net realized and unrealized gains | 340,337,321 | |
Increase in net assets resulting from operations | $515,177,113 |
Operations | ||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||
Net investment income | $174,839,792 | $137,395,974 | ||
Net realized gains (losses) | 9,439,160 | (26,769,578) | ||
Net change in unrealized appreciation (depreciation) | + | 330,898,161 | (106,172,649) | |
Increase in net assets resulting from operations | 515,177,113 | 4,453,747 | ||
Distributions to Shareholders | ||||
Total distributions | ($184,048,740) | ($144,430,430) |
Transactions in Fund Shares | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 28,700,000 | $1,512,898,662 | 15,800,000 | $798,783,725 | ||||
Shares redeemed | + | (100,000) | (5,100,791) | (800,000) | (39,917,780) | |||
Net transactions in fund shares | 28,600,000 | $1,507,797,871 | 15,000,000 | $758,865,945 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/19-12/31/19 | 1/1/18-12/31/18 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 109,600,000 | $5,544,582,757 | 94,600,000 | $4,925,693,495 | ||||
Total increase | + | 28,600,000 | 1,838,926,244 | 15,000,000 | 618,889,262 | |||
End of period | 138,200,000 | $7,383,509,001 | 109,600,000 | $5,544,582,757 |
10/10/191– 12/31/19 | ||||||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.00 | |||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.23 | |||||
Net realized and unrealized gains (losses) | 0.02 | |||||
Total from investment operations | 0.25 | |||||
Less distributions: | ||||||
Distributions from net investment income | (0.21) | |||||
Net asset value at end of period | $50.04 | |||||
Total return | 0.50%3 | |||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06%4,5 | |||||
Net investment income (loss) | 2.01%4 | |||||
Portfolio turnover rate | 12%3 | |||||
Net assets, end of period (x 1,000) | $35,029 | |||||
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Corporates98.5% of net assets | ||
Financial Institutions 41.2% | ||
Banking 33.5% | ||
Ally Financial, Inc. | ||
3.88%, 05/21/24(a) | 50,000 | 52,507 |
American Express Co. | ||
3.00%, 02/22/21(a) | 75,000 | 75,919 |
2.50%, 08/01/22(a) | 85,000 | 86,044 |
2.65%, 12/02/22 | 40,000 | 40,788 |
3.40%, 02/27/23(a) | 100,000 | 103,825 |
3.00%, 10/30/24(a) | 40,000 | 41,407 |
Banco Santander S.A. | ||
3.50%, 04/11/22 | 200,000 | 205,416 |
Bank of America Corp. | ||
3.50%, 05/17/22(a)(b) | 125,000 | 127,589 |
3.30%, 01/11/23 | 275,000 | 284,773 |
3.55%, 03/05/24(a)(b) | 225,000 | 233,660 |
4.20%, 08/26/24 | 50,000 | 53,756 |
3.46%, 03/15/25(a)(b) | 135,000 | 141,100 |
Bank of Montreal | ||
1.90%, 08/27/21 | 25,000 | 25,049 |
2.90%, 03/26/22 | 50,000 | 50,997 |
2.50%, 06/28/24 | 80,000 | 81,080 |
4.34%, 10/05/28(a)(b) | 25,000 | 26,407 |
Bank of New York Mellon Corp. | ||
2.50%, 04/15/21(a) | 100,000 | 100,717 |
1.95%, 08/23/22 | 50,000 | 50,220 |
2.95%, 01/29/23(a) | 150,000 | 154,519 |
Bank of Nova Scotia | ||
2.50%, 01/08/21 | 25,000 | 25,157 |
2.00%, 11/15/22 | 100,000 | 100,226 |
3.40%, 02/11/24 | 75,000 | 78,685 |
Barclays PLC | ||
3.68%, 01/10/23(a) | 200,000 | 205,126 |
BNP Paribas S.A. | ||
3.25%, 03/03/23 | 50,000 | 51,895 |
Canadian Imperial Bank of Commerce | ||
2.70%, 02/02/21 | 25,000 | 25,215 |
3.10%, 04/02/24 | 60,000 | 62,099 |
Capital One Financial Corp. | ||
4.75%, 07/15/21 | 195,000 | 203,109 |
3.20%, 01/30/23(a) | 75,000 | 77,205 |
3.90%, 01/29/24(a) | 50,000 | 53,128 |
Citigroup, Inc. | ||
2.70%, 03/30/21 | 50,000 | 50,453 |
2.35%, 08/02/21 | 75,000 | 75,483 |
4.50%, 01/14/22 | 100,000 | 104,850 |
2.70%, 10/27/22(a) | 50,000 | 50,854 |
3.14%, 01/24/23(a)(b) | 100,000 | 102,042 |
3.50%, 05/15/23 | 75,000 | 78,154 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.04%, 06/01/24(a)(b) | 75,000 | 79,359 |
3.35%, 04/24/25(a)(b) | 75,000 | 78,111 |
Citizens Financial Group, Inc. | ||
2.38%, 07/28/21(a) | 100,000 | 100,446 |
Comerica, Inc. | ||
3.70%, 07/31/23(a) | 25,000 | 26,336 |
Cooperatieve Rabobank UA | ||
4.50%, 01/11/21 | 100,000 | 102,585 |
3.88%, 02/08/22 | 150,000 | 155,929 |
Credit Suisse AG | ||
3.00%, 10/29/21 | 250,000 | 255,200 |
Deutsche Bank AG | ||
4.25%, 10/14/21 | 100,000 | 102,857 |
3.70%, 05/30/24 | 100,000 | 101,616 |
Discover Financial Services | ||
3.85%, 11/21/22 | 50,000 | 52,295 |
Fifth Third Bancorp | ||
2.60%, 06/15/22(a) | 100,000 | 101,312 |
Goldman Sachs Group, Inc. | ||
2.88%, 02/25/21(a) | 125,000 | 126,272 |
5.25%, 07/27/21 | 100,000 | 104,980 |
5.75%, 01/24/22 | 100,000 | 107,317 |
2.88%, 10/31/22(a)(b) | 75,000 | 76,028 |
3.63%, 01/22/23 | 100,000 | 104,294 |
3.63%, 02/20/24(a) | 90,000 | 94,495 |
3.85%, 07/08/24(a) | 75,000 | 79,429 |
HSBC Holdings PLC | ||
5.10%, 04/05/21 | 250,000 | 259,374 |
3.95%, 05/18/24(a)(b) | 220,000 | 231,283 |
Huntington Bancshares, Inc. | ||
2.30%, 01/14/22(a) | 100,000 | 100,564 |
ING Groep N.V. | ||
3.15%, 03/29/22 | 200,000 | 204,731 |
JPMorgan Chase & Co. | ||
4.63%, 05/10/21 | 100,000 | 103,652 |
2.30%, 08/15/21(a) | 100,000 | 100,269 |
2.97%, 01/15/23(a) | 100,000 | 102,096 |
3.20%, 01/25/23 | 125,000 | 129,459 |
3.38%, 05/01/23 | 125,000 | 130,172 |
3.63%, 05/13/24 | 150,000 | 159,158 |
3.80%, 07/23/24(a)(b) | 50,000 | 52,729 |
3.88%, 09/10/24 | 50,000 | 53,593 |
2.30%, 10/15/25(a)(b) | 55,000 | 54,980 |
KeyCorp | ||
5.10%, 03/24/21 | 85,000 | 88,240 |
Lloyds Banking Group PLC | ||
2.86%, 03/17/23(a)(b) | 225,000 | 227,941 |
Mitsubishi UFJ Financial Group, Inc. | ||
2.62%, 07/18/22 | 225,000 | 227,772 |
3.76%, 07/26/23 | 40,000 | 42,113 |
3.41%, 03/07/24 | 40,000 | 41,766 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Mizuho Financial Group, Inc. | ||
2.95%, 02/28/22 | 200,000 | 203,705 |
Morgan Stanley | ||
2.50%, 04/21/21 | 135,000 | 135,990 |
2.75%, 05/19/22 | 100,000 | 101,761 |
3.75%, 02/25/23 | 90,000 | 94,332 |
4.10%, 05/22/23 | 100,000 | 105,593 |
3.70%, 10/23/24 | 75,000 | 79,712 |
2.72%, 07/22/25(a)(b) | 85,000 | 86,276 |
National Australia Bank Ltd. | ||
3.38%, 09/20/21 | 250,000 | 256,265 |
Northern Trust Corp. | ||
3.45%, 11/04/20 | 25,000 | 25,343 |
PNC Financial Services Group, Inc. | ||
3.30%, 03/08/22(a) | 100,000 | 102,762 |
3.50%, 01/23/24(a) | 75,000 | 79,173 |
3.90%, 04/29/24(a) | 40,000 | 42,674 |
Royal Bank of Canada | ||
3.70%, 10/05/23 | 70,000 | 74,090 |
2.55%, 07/16/24 | 70,000 | 71,129 |
Royal Bank of Scotland Group PLC | ||
4.52%, 06/25/24(a)(b) | 250,000 | 265,595 |
Santander Holdings USA, Inc. | ||
3.70%, 03/28/22(a) | 75,000 | 77,165 |
Santander UK Group Holdings PLC | ||
2.88%, 08/05/21 | 200,000 | 202,155 |
State Street Corp. | ||
3.70%, 11/20/23 | 60,000 | 64,029 |
2.35%, 11/01/25(a)(b) | 25,000 | 25,084 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.06%, 07/14/21 | 200,000 | 200,390 |
2.70%, 07/16/24 | 200,000 | 203,039 |
Synchrony Financial | ||
4.38%, 03/19/24(a) | 50,000 | 53,355 |
Toronto-Dominion Bank | ||
2.55%, 01/25/21 | 90,000 | 90,690 |
3.50%, 07/19/23 | 80,000 | 84,211 |
3.25%, 03/11/24 | 50,000 | 52,375 |
Truist Bank | ||
2.80%, 05/17/22(a) | 75,000 | 76,487 |
Truist Financial Corp. | ||
2.15%, 02/01/21(a) | 65,000 | 65,216 |
2.90%, 03/03/21(a) | 50,000 | 50,527 |
3.75%, 12/06/23(a) | 65,000 | 68,995 |
2.50%, 08/01/24(a) | 75,000 | 76,021 |
US Bancorp | ||
2.35%, 01/29/21(a) | 75,000 | 75,417 |
2.95%, 07/15/22(a) | 50,000 | 51,287 |
3.70%, 01/30/24(a) | 30,000 | 31,994 |
3.38%, 02/05/24(a) | 105,000 | 110,337 |
2.40%, 07/30/24(a) | 30,000 | 30,438 |
Wells Fargo & Co. | ||
3.00%, 01/22/21 | 100,000 | 101,171 |
2.10%, 07/26/21 | 125,000 | 125,402 |
3.50%, 03/08/22 | 200,000 | 206,463 |
3.45%, 02/13/23 | 80,000 | 82,900 |
4.13%, 08/15/23 | 25,000 | 26,550 |
3.30%, 09/09/24 | 100,000 | 105,002 |
2.41%, 10/30/25(a)(b) | 120,000 | 120,172 |
Westpac Banking Corp. | ||
2.80%, 01/11/22 | 75,000 | 76,247 |
3.30%, 02/26/24 | 50,000 | 52,161 |
11,747,887 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Brokerage/Asset Managers/Exchanges 0.9% | ||
Ameriprise Financial, Inc. | ||
4.00%, 10/15/23 | 50,000 | 53,599 |
BGC Partners, Inc. | ||
5.38%, 07/24/23 | 25,000 | 26,778 |
BlackRock, Inc. | ||
4.25%, 05/24/21 | 25,000 | 25,846 |
3.50%, 03/18/24 | 35,000 | 37,307 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24(a) | 25,000 | 26,845 |
Intercontinental Exchange, Inc. | ||
3.45%, 09/21/23(a) | 50,000 | 52,506 |
Jefferies Financial Group, Inc. | ||
5.50%, 10/18/23(a) | 45,000 | 49,108 |
Jefferies Group LLC | ||
6.88%, 04/15/21 | 25,000 | 26,435 |
TD Ameritrade Holding Corp. | ||
3.75%, 04/01/24(a) | 30,000 | 31,895 |
330,319 | ||
Finance Companies 1.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.95%, 02/01/22(a) | 150,000 | 155,014 |
Air Lease Corp. | ||
2.75%, 01/15/23(a) | 50,000 | 50,685 |
3.00%, 09/15/23(a) | 55,000 | 56,269 |
Aircastle Ltd. | ||
5.13%, 03/15/21 | 50,000 | 51,681 |
4.13%, 05/01/24(a) | 50,000 | 52,829 |
GATX Corp. | ||
4.35%, 02/15/24(a) | 25,000 | 26,662 |
International Lease Finance Corp. | ||
8.25%, 12/15/20 | 50,000 | 52,875 |
446,015 | ||
Insurance 3.1% | ||
Aetna, Inc. | ||
2.75%, 11/15/22(a) | 25,000 | 25,417 |
Aflac, Inc. | ||
3.63%, 06/15/23 | 25,000 | 26,327 |
Allstate Corp. | ||
3.15%, 06/15/23 | 35,000 | 36,422 |
American International Group, Inc. | ||
4.88%, 06/01/22 | 46,000 | 49,136 |
4.13%, 02/15/24 | 50,000 | 53,797 |
Anthem, Inc. | ||
3.70%, 08/15/21(a) | 50,000 | 51,205 |
3.50%, 08/15/24(a) | 50,000 | 52,452 |
Aon PLC | ||
2.80%, 03/15/21(a) | 50,000 | 50,484 |
AXA Equitable Holdings, Inc. | ||
3.90%, 04/20/23(a) | 25,000 | 26,252 |
Berkshire Hathaway Finance Corp. | ||
4.25%, 01/15/21 | 20,000 | 20,527 |
Berkshire Hathaway, Inc. | ||
2.20%, 03/15/21(a) | 75,000 | 75,433 |
3.00%, 02/11/23 | 50,000 | 51,821 |
Chubb INA Holdings, Inc. | ||
2.88%, 11/03/22(a) | 50,000 | 51,316 |
3.35%, 05/15/24 | 25,000 | 26,383 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
CNA Financial Corp. | ||
3.95%, 05/15/24(a) | 25,000 | 26,716 |
Humana, Inc. | ||
3.15%, 12/01/22(a) | 25,000 | 25,684 |
Lincoln National Corp. | ||
4.20%, 03/15/22 | 35,000 | 36,525 |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24(a) | 25,000 | 26,711 |
3.50%, 06/03/24(a) | 30,000 | 31,498 |
MetLife, Inc. | ||
3.05%, 12/15/22 | 20,000 | 20,685 |
3.60%, 04/10/24 | 25,000 | 26,743 |
Prudential Financial, Inc. | ||
5.88%, 09/15/42(a)(b) | 75,000 | 80,936 |
UnitedHealth Group, Inc. | ||
2.75%, 02/15/23(a) | 100,000 | 102,199 |
3.50%, 02/15/24 | 50,000 | 52,803 |
Voya Financial, Inc. | ||
5.65%, 05/15/53(a)(b) | 20,000 | 21,328 |
Willis North America, Inc. | ||
3.60%, 05/15/24(a) | 25,000 | 26,198 |
1,074,998 | ||
REITs 2.4% | ||
Alexandria Real Estate Equities, Inc. | ||
3.90%, 06/15/23(a) | 50,000 | 52,648 |
American Campus Communities Operating Partnership LP | ||
3.75%, 04/15/23(a) | 25,000 | 26,086 |
Boston Properties LP | ||
4.13%, 05/15/21(a) | 50,000 | 51,202 |
3.80%, 02/01/24(a) | 25,000 | 26,480 |
Brixmor Operating Partnership LP | ||
3.88%, 08/15/22(a) | 50,000 | 52,108 |
Corporate Office Properties LP | ||
3.70%, 06/15/21(a) | 35,000 | 35,564 |
CyrusOne LP/CyrusOne Finance Corp. | ||
2.90%, 11/15/24(a) | 20,000 | 20,115 |
Digital Realty Trust LP | ||
2.75%, 02/01/23(a) | 20,000 | 20,243 |
ERP Operating LP | ||
4.63%, 12/15/21(a) | 25,000 | 26,127 |
Essex Portfolio LP | ||
3.25%, 05/01/23(a) | 25,000 | 25,661 |
Healthpeak Properties, Inc. | ||
3.88%, 08/15/24(a) | 25,000 | 26,605 |
Host Hotels & Resorts LP | ||
Series D | ||
3.75%, 10/15/23(a) | 40,000 | 41,943 |
Liberty Property LP | ||
4.40%, 02/15/24(a) | 50,000 | 54,130 |
Mid-America Apartments LP | ||
4.30%, 10/15/23(a) | 40,000 | 42,709 |
Realty Income Corp. | ||
4.65%, 08/01/23(a) | 50,000 | 54,182 |
Service Properties Trust | ||
4.50%, 06/15/23(a) | 35,000 | 36,460 |
Simon Property Group LP | ||
2.75%, 06/01/23(a) | 75,000 | 76,789 |
2.00%, 09/13/24(a) | 50,000 | 49,884 |
Ventas Realty LP | ||
3.75%, 05/01/24(a) | 35,000 | 36,822 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
VEREIT Operating Partnership LP | ||
4.60%, 02/06/24(a) | 25,000 | 27,115 |
Welltower, Inc. | ||
3.75%, 03/15/23(a) | 20,000 | 20,861 |
3.63%, 03/15/24(a) | 30,000 | 31,531 |
835,265 | ||
14,434,484 | ||
Industrial 53.0% | ||
Basic Industry 2.5% | ||
BHP Billiton Finance USA Ltd. | ||
2.88%, 02/24/22 | 50,000 | 50,975 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24(a) | 50,000 | 51,719 |
Dow Chemical Co. | ||
3.00%, 11/15/22(a) | 70,000 | 71,654 |
DuPont de Nemours, Inc. | ||
4.21%, 11/15/23(a) | 50,000 | 53,507 |
Ecolab, Inc. | ||
4.35%, 12/08/21 | 75,000 | 78,548 |
Fibria Overseas Finance Ltd. | ||
5.25%, 05/12/24 | 25,000 | 27,122 |
International Paper Co. | ||
3.65%, 06/15/24(a) | 25,000 | 26,347 |
LYB International Finance BV | ||
4.00%, 07/15/23 | 50,000 | 52,952 |
Mosaic Co. | ||
3.75%, 11/15/21(a) | 25,000 | 25,644 |
4.25%, 11/15/23(a) | 25,000 | 26,674 |
Newmont Goldcorp Corp. | ||
3.70%, 03/15/23(a) | 40,000 | 41,853 |
Nucor Corp. | ||
4.00%, 08/01/23(a) | 25,000 | 26,463 |
Nutrien Ltd. | ||
3.15%, 10/01/22(a) | 50,000 | 51,140 |
Packaging Corp. of America | ||
3.65%, 09/15/24(a) | 50,000 | 52,559 |
PPG Industries, Inc. | ||
2.40%, 08/15/24(a) | 25,000 | 25,276 |
Praxair, Inc. | ||
2.20%, 08/15/22(a) | 50,000 | 50,444 |
Sherwin-Williams Co. | ||
2.75%, 06/01/22(a) | 45,000 | 45,795 |
Southern Copper Corp. | ||
3.50%, 11/08/22 | 25,000 | 25,851 |
Steel Dynamics, Inc. | ||
5.25%, 04/15/23(a) | 50,000 | 50,979 |
Weyerhaeuser Co. | ||
4.63%, 09/15/23 | 25,000 | 26,943 |
862,445 | ||
Capital Goods 5.4% | ||
3M Co. | ||
2.75%, 03/01/22(a) | 35,000 | 35,697 |
1.75%, 02/14/23(a) | 50,000 | 49,746 |
ABB Finance USA, Inc. | ||
2.88%, 05/08/22 | 50,000 | 51,068 |
Boeing Co. | ||
2.30%, 08/01/21 | 35,000 | 35,203 |
2.80%, 03/01/24(a) | 40,000 | 40,899 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Caterpillar Financial Services Corp. | ||
2.65%, 05/17/21 | 25,000 | 25,291 |
3.15%, 09/07/21 | 25,000 | 25,551 |
2.55%, 11/29/22 | 30,000 | 30,604 |
3.30%, 06/09/24 | 40,000 | 42,059 |
Caterpillar, Inc. | ||
3.90%, 05/27/21 | 75,000 | 77,077 |
CNH Industrial Capital LLC | ||
4.38%, 04/05/22 | 20,000 | 20,905 |
CNH Industrial NV | ||
4.50%, 08/15/23 | 25,000 | 26,682 |
Eaton Corp. | ||
2.75%, 11/02/22 | 25,000 | 25,545 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 09/21/23(a) | 25,000 | 26,417 |
General Dynamics Corp. | ||
3.38%, 05/15/23(a) | 50,000 | 52,269 |
General Electric Co. | ||
4.63%, 01/07/21 | 45,000 | 46,103 |
2.70%, 10/09/22 | 85,000 | 86,151 |
3.10%, 01/09/23 | 65,000 | 66,450 |
3.38%, 03/11/24 | 20,000 | 20,741 |
Honeywell International, Inc. | ||
1.85%, 11/01/21(a) | 60,000 | 60,153 |
2.15%, 08/08/22(a) | 35,000 | 35,328 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24(a) | 20,000 | 21,195 |
Ingersoll-Rand Global Holding Co., Ltd. | ||
4.25%, 06/15/23 | 25,000 | 26,695 |
John Deere Capital Corp. | ||
3.90%, 07/12/21 | 50,000 | 51,591 |
3.13%, 09/10/21 | 25,000 | 25,556 |
2.65%, 01/06/22 | 50,000 | 50,816 |
2.15%, 09/08/22 | 40,000 | 40,319 |
2.80%, 01/27/23 | 40,000 | 40,984 |
3.65%, 10/12/23 | 20,000 | 21,207 |
2.60%, 03/07/24 | 30,000 | 30,680 |
2.65%, 06/24/24 | 20,000 | 20,500 |
L3Harris Technologies, Inc. | ||
4.95%, 02/15/21(a) | 50,000 | 51,223 |
Lockheed Martin Corp. | ||
3.35%, 09/15/21 | 50,000 | 51,301 |
3.10%, 01/15/23(a) | 20,000 | 20,674 |
Masco Corp. | ||
3.50%, 04/01/21(a) | 25,000 | 25,371 |
Northrop Grumman Corp. | ||
2.55%, 10/15/22(a) | 50,000 | 50,769 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24(a) | 25,000 | 25,536 |
Precision Castparts Corp. | ||
2.50%, 01/15/23(a) | 20,000 | 20,375 |
Raytheon Co. | ||
2.50%, 12/15/22(a) | 25,000 | 25,528 |
Republic Services, Inc. | ||
3.55%, 06/01/22(a) | 50,000 | 51,673 |
2.50%, 08/15/24(a) | 20,000 | 20,269 |
Rockwell Collins, Inc. | ||
2.80%, 03/15/22(a) | 50,000 | 50,867 |
Roper Technologies, Inc. | ||
2.35%, 09/15/24(a) | 50,000 | 50,368 |
Stanley Black & Decker, Inc. | ||
2.90%, 11/01/22 | 25,000 | 25,647 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
United Technologies Corp. | ||
3.35%, 08/16/21 | 20,000 | 20,485 |
3.10%, 06/01/22 | 50,000 | 51,347 |
3.65%, 08/16/23(a) | 80,000 | 84,396 |
Waste Management, Inc. | ||
2.95%, 06/15/24(a) | 25,000 | 25,840 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24(a) | 20,000 | 21,272 |
1,882,423 | ||
Communications 5.2% | ||
American Tower Corp. | ||
3.45%, 09/15/21 | 40,000 | 40,988 |
3.00%, 06/15/23 | 75,000 | 76,911 |
AT&T, Inc. | ||
3.88%, 08/15/21 | 25,000 | 25,776 |
4.00%, 01/15/22 | 50,000 | 51,988 |
3.40%, 06/15/22 | 60,000 | 61,939 |
3.60%, 02/17/23(a) | 50,000 | 52,196 |
3.55%, 06/01/24(a) | 75,000 | 78,904 |
CC Holdings GS V LLC/Crown Castle GS III Corp. | ||
3.85%, 04/15/23 | 30,000 | 31,504 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.46%, 07/23/22(a) | 50,000 | 52,590 |
4.50%, 02/01/24(a) | 25,000 | 26,936 |
Comcast Corp. | ||
3.45%, 10/01/21 | 75,000 | 77,218 |
3.13%, 07/15/22 | 50,000 | 51,605 |
3.60%, 03/01/24 | 30,000 | 31,836 |
3.70%, 04/15/24(a) | 50,000 | 53,363 |
Crown Castle International Corp. | ||
3.40%, 02/15/21(a) | 50,000 | 50,728 |
5.25%, 01/15/23 | 50,000 | 54,362 |
Discovery Communications LLC | ||
2.95%, 03/20/23(a) | 25,000 | 25,522 |
3.25%, 04/01/23 | 30,000 | 30,842 |
Fox Corp. | ||
3.67%, 01/25/22(c) | 50,000 | 51,707 |
Interpublic Group of Cos., Inc. | ||
3.75%, 10/01/21 | 40,000 | 41,123 |
Moody's Corp. | ||
4.50%, 09/01/22(a) | 50,000 | 52,881 |
NBCUniversal Media LLC | ||
2.88%, 01/15/23 | 50,000 | 51,372 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24(a) | 50,000 | 52,890 |
RELX Capital, Inc. | ||
3.13%, 10/15/22(a) | 25,000 | 25,773 |
Rogers Communications, Inc. | ||
4.10%, 10/01/23(a) | 25,000 | 26,810 |
Telefonica Emisiones S.A. | ||
5.46%, 02/16/21 | 50,000 | 51,914 |
Time Warner Cable LLC | ||
4.13%, 02/15/21(a) | 50,000 | 50,838 |
TWDC Enterprises 18 Corp. | ||
3.75%, 06/01/21 | 50,000 | 51,396 |
Verizon Communications, Inc. | ||
3.13%, 03/16/22 | 50,000 | 51,353 |
2.45%, 11/01/22(a) | 40,000 | 40,569 |
5.15%, 09/15/23 | 70,000 | 77,781 |
3.50%, 11/01/24(a) | 30,000 | 31,830 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
ViacomCBS, Inc. | ||
2.50%, 02/15/23(a) | 50,000 | 50,448 |
4.25%, 09/01/23(a) | 40,000 | 42,676 |
Vodafone Group PLC | ||
2.50%, 09/26/22 | 50,000 | 50,772 |
3.75%, 01/16/24 | 35,000 | 36,988 |
Walt Disney Co. | ||
1.65%, 09/01/22 | 40,000 | 39,929 |
3.70%, 09/15/24(a) | 50,000 | 53,542 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 20,000 | 21,107 |
1,828,907 | ||
Consumer Cyclical 8.2% | ||
Advance Auto Parts, Inc. | ||
4.50%, 12/01/23(a) | 25,000 | 26,846 |
Amazon.com, Inc. | ||
3.30%, 12/05/21(a) | 35,000 | 35,991 |
2.40%, 02/22/23(a) | 75,000 | 76,144 |
American Honda Finance Corp. | ||
1.65%, 07/12/21 | 25,000 | 24,955 |
2.40%, 06/27/24 | 50,000 | 50,646 |
2.15%, 09/10/24 | 30,000 | 30,066 |
AutoZone, Inc. | ||
3.70%, 04/15/22(a) | 50,000 | 51,844 |
Costco Wholesale Corp. | ||
2.15%, 05/18/21(a) | 50,000 | 50,281 |
Dollar General Corp. | ||
3.25%, 04/15/23(a) | 25,000 | 25,858 |
Dollar Tree, Inc. | ||
3.70%, 05/15/23(a) | 20,000 | 20,851 |
DR Horton, Inc. | ||
4.38%, 09/15/22(a) | 35,000 | 36,703 |
eBay, Inc. | ||
2.75%, 01/30/23(a) | 50,000 | 50,736 |
3.45%, 08/01/24(a) | 20,000 | 20,899 |
Ford Motor Credit Co. LLC | ||
3.47%, 04/05/21 | 200,000 | 201,800 |
3.34%, 03/28/22(a) | 260,000 | 262,370 |
General Motors Financial Co., Inc. | ||
4.20%, 03/01/21(a) | 80,000 | 81,710 |
4.20%, 11/06/21 | 80,000 | 82,888 |
3.70%, 05/09/23(a) | 50,000 | 51,626 |
4.25%, 05/15/23 | 50,000 | 52,610 |
5.10%, 01/17/24(a) | 50,000 | 54,296 |
3.95%, 04/13/24(a) | 70,000 | 73,167 |
GLP Capital LP/GLP Financing II, Inc. | ||
4.38%, 04/15/21(a) | 25,000 | 25,478 |
Home Depot, Inc. | ||
4.40%, 04/01/21(a) | 50,000 | 51,320 |
3.75%, 02/15/24(a) | 40,000 | 42,797 |
IHS Markit Ltd. | ||
3.63%, 05/01/24(a) | 25,000 | 26,070 |
Las Vegas Sands Corp. | ||
3.20%, 08/08/24(a) | 65,000 | 67,095 |
Lowe's Cos., Inc. | ||
3.75%, 04/15/21(a) | 50,000 | 50,948 |
3.13%, 09/15/24(a) | 25,000 | 26,043 |
Macy's Retail Holdings, Inc. | ||
3.88%, 01/15/22(a) | 50,000 | 51,093 |
Magna International, Inc. | ||
3.63%, 06/15/24(a) | 25,000 | 26,439 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Marriott International, Inc. | ||
Series N | ||
3.13%, 10/15/21(a) | 50,000 | 50,842 |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 25,000 | 26,558 |
McDonald's Corp. | ||
3.35%, 04/01/23(a) | 50,000 | 52,059 |
O'Reilly Automotive, Inc. | ||
4.88%, 01/14/21(a) | 25,000 | 25,551 |
PACCAR Financial Corp. | ||
3.10%, 05/10/21 | 50,000 | 50,801 |
QVC, Inc. | ||
5.13%, 07/02/22 | 70,000 | 73,821 |
Starbucks Corp. | ||
2.70%, 06/15/22(a) | 50,000 | 51,009 |
3.10%, 03/01/23(a) | 30,000 | 30,987 |
Target Corp. | ||
3.50%, 07/01/24 | 25,000 | 26,818 |
TJX Cos., Inc. | ||
2.50%, 05/15/23(a) | 25,000 | 25,467 |
Toyota Motor Corp. | ||
2.16%, 07/02/22 | 50,000 | 50,392 |
Toyota Motor Credit Corp. | ||
4.25%, 01/11/21 | 50,000 | 51,247 |
2.15%, 09/08/22 | 100,000 | 100,954 |
2.63%, 01/10/23 | 50,000 | 50,998 |
2.90%, 04/17/24 | 50,000 | 51,871 |
Visa, Inc. | ||
2.15%, 09/15/22(a) | 70,000 | 70,836 |
2.80%, 12/14/22(a) | 50,000 | 51,477 |
Walgreen Co. | ||
3.10%, 09/15/22 | 50,000 | 51,075 |
Walgreens Boots Alliance, Inc. | ||
3.80%, 11/18/24(a) | 25,000 | 26,032 |
Walmart, Inc. | ||
3.13%, 06/23/21 | 65,000 | 66,417 |
2.55%, 04/11/23(a) | 50,000 | 51,014 |
3.30%, 04/22/24(a) | 50,000 | 52,611 |
2.85%, 07/08/24(a) | 50,000 | 51,859 |
2,870,266 | ||
Consumer Non-Cyclical 13.5% | ||
Abbott Laboratories | ||
3.40%, 11/30/23(a) | 25,000 | 26,331 |
AbbVie, Inc. | ||
2.30%, 05/14/21(a) | 50,000 | 50,198 |
3.20%, 11/06/22(a) | 150,000 | 154,333 |
2.60%, 11/21/24(a)(c) | 75,000 | 75,701 |
Allergan Finance LLC | ||
3.25%, 10/01/22(a) | 25,000 | 25,574 |
Allergan Funding SCS | ||
3.45%, 03/15/22(a) | 50,000 | 51,180 |
Altria Group, Inc. | ||
4.75%, 05/05/21 | 50,000 | 51,807 |
4.00%, 01/31/24 | 40,000 | 42,463 |
3.80%, 02/14/24(a) | 25,000 | 26,330 |
Amgen, Inc. | ||
3.88%, 11/15/21(a) | 125,000 | 128,963 |
2.70%, 05/01/22(a) | 75,000 | 76,141 |
Anheuser-Busch InBev Finance, Inc. | ||
2.63%, 01/17/23 | 25,000 | 25,468 |
3.30%, 02/01/23(a) | 25,000 | 25,915 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Anheuser-Busch InBev Worldwide, Inc. | ||
2.50%, 07/15/22 | 19,000 | 19,309 |
3.50%, 01/12/24(a) | 25,000 | 26,357 |
AstraZeneca PLC | ||
2.38%, 06/12/22(a) | 50,000 | 50,575 |
Becton Dickinson & Co. | ||
3.13%, 11/08/21 | 25,000 | 25,502 |
2.89%, 06/06/22(a) | 50,000 | 50,854 |
3.36%, 06/06/24(a) | 25,000 | 26,058 |
Boston Scientific Corp. | ||
3.38%, 05/15/22 | 50,000 | 51,566 |
Bristol-Myers Squibb Co. | ||
2.55%, 05/14/21(c) | 75,000 | 75,759 |
2.60%, 05/16/22(c) | 50,000 | 50,856 |
2.90%, 07/26/24(a)(c) | 75,000 | 77,440 |
Bunge Ltd. Finance Corp. | ||
3.00%, 09/25/22(a) | 25,000 | 25,382 |
Campbell Soup Co. | ||
3.65%, 03/15/23(a) | 50,000 | 52,107 |
Cardinal Health, Inc. | ||
2.62%, 06/15/22(a) | 70,000 | 70,747 |
Cigna Corp. | ||
3.40%, 09/17/21 | 50,000 | 51,192 |
4.75%, 11/15/21(c) | 25,000 | 26,213 |
3.00%, 07/15/23(a)(c) | 25,000 | 25,586 |
3.75%, 07/15/23(a) | 115,000 | 120,774 |
Coca-Cola Co. | ||
3.15%, 11/15/20 | 50,000 | 50,603 |
2.20%, 05/25/22 | 40,000 | 40,403 |
3.20%, 11/01/23 | 90,000 | 94,611 |
Colgate-Palmolive Co. | ||
3.25%, 03/15/24 | 50,000 | 52,930 |
Conagra Brands, Inc. | ||
3.80%, 10/22/21 | 50,000 | 51,590 |
4.30%, 05/01/24(a) | 25,000 | 26,925 |
Constellation Brands, Inc. | ||
3.75%, 05/01/21 | 30,000 | 30,704 |
3.20%, 02/15/23(a) | 50,000 | 51,364 |
CVS Health Corp. | ||
2.13%, 06/01/21(a) | 100,000 | 100,196 |
3.70%, 03/09/23(a) | 90,000 | 93,739 |
4.00%, 12/05/23(a) | 40,000 | 42,404 |
2.63%, 08/15/24(a) | 90,000 | 91,038 |
Diageo Capital PLC | ||
2.63%, 04/29/23(a) | 50,000 | 51,093 |
Estee Lauder Cos., Inc. | ||
1.70%, 05/10/21(a) | 25,000 | 24,977 |
General Mills, Inc. | ||
3.15%, 12/15/21(a) | 50,000 | 51,093 |
3.70%, 10/17/23(a) | 25,000 | 26,338 |
Gilead Sciences, Inc. | ||
3.25%, 09/01/22(a) | 80,000 | 82,640 |
3.70%, 04/01/24(a) | 30,000 | 31,865 |
GlaxoSmithKline Capital PLC | ||
2.85%, 05/08/22 | 50,000 | 51,114 |
3.00%, 06/01/24(a) | 50,000 | 51,922 |
GlaxoSmithKline Capital, Inc. | ||
3.38%, 05/15/23 | 50,000 | 52,214 |
Hasbro, Inc. | ||
3.00%, 11/19/24(a) | 25,000 | 25,150 |
HCA, Inc. | ||
5.00%, 03/15/24 | 50,000 | 54,732 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Hershey Co. | ||
3.10%, 05/15/21 | 50,000 | 50,887 |
Johnson & Johnson | ||
2.25%, 03/03/22(a) | 20,000 | 20,259 |
3.38%, 12/05/23 | 50,000 | 53,140 |
Kellogg Co. | ||
4.00%, 12/15/20 | 50,000 | 50,950 |
Keurig Dr Pepper, Inc. | ||
3.55%, 05/25/21 | 30,000 | 30,657 |
4.06%, 05/25/23(a) | 50,000 | 52,831 |
Kraft Heinz Foods Co. | ||
4.00%, 06/15/23(a) | 25,000 | 26,333 |
Kroger Co. | ||
3.30%, 01/15/21(a) | 50,000 | 50,651 |
Laboratory Corp. of America Holdings | ||
3.75%, 08/23/22(a) | 50,000 | 51,956 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24(a) | 25,000 | 25,974 |
Medtronic, Inc. | ||
3.15%, 03/15/22 | 50,000 | 51,464 |
Merck & Co., Inc. | ||
2.40%, 09/15/22(a) | 25,000 | 25,385 |
2.80%, 05/18/23 | 50,000 | 51,472 |
2.90%, 03/07/24(a) | 20,000 | 20,814 |
Mondelez International, Inc. | ||
3.63%, 05/07/23(a) | 25,000 | 26,212 |
Mylan N.V. | ||
3.15%, 06/15/21(a) | 50,000 | 50,657 |
Novartis Capital Corp. | ||
2.40%, 09/21/22 | 50,000 | 50,817 |
3.40%, 05/06/24 | 25,000 | 26,494 |
PepsiCo, Inc. | ||
2.00%, 04/15/21(a) | 50,000 | 50,175 |
3.00%, 08/25/21 | 100,000 | 102,136 |
3.10%, 07/17/22(a) | 25,000 | 25,775 |
Pfizer, Inc. | ||
2.20%, 12/15/21 | 55,000 | 55,512 |
3.20%, 09/15/23(a) | 50,000 | 52,201 |
2.95%, 03/15/24(a) | 50,000 | 51,954 |
Philip Morris International, Inc. | ||
2.90%, 11/15/21 | 50,000 | 50,947 |
2.38%, 08/17/22(a) | 20,000 | 20,200 |
2.88%, 05/01/24(a) | 40,000 | 41,162 |
3.25%, 11/10/24 | 20,000 | 20,989 |
Procter & Gamble Co. | ||
1.85%, 02/02/21 | 50,000 | 50,064 |
2.30%, 02/06/22 | 50,000 | 50,688 |
Reynolds American, Inc. | ||
4.00%, 06/12/22 | 50,000 | 52,096 |
4.85%, 09/15/23 | 80,000 | 86,931 |
Sanofi | ||
4.00%, 03/29/21 | 50,000 | 51,358 |
Shire Acquisitions Investments Ireland DAC | ||
2.40%, 09/23/21(a) | 75,000 | 75,460 |
2.88%, 09/23/23(a) | 80,000 | 81,613 |
Thermo Fisher Scientific, Inc. | ||
3.00%, 04/15/23(a) | 65,000 | 66,786 |
Tyson Foods, Inc. | ||
4.50%, 06/15/22(a) | 25,000 | 26,339 |
3.95%, 08/15/24(a) | 25,000 | 26,755 |
Unilever Capital Corp. | ||
1.38%, 07/28/21 | 100,000 | 99,351 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Zimmer Biomet Holdings, Inc. | ||
3.38%, 11/30/21(a) | 50,000 | 50,997 |
Zoetis, Inc. | ||
3.25%, 02/01/23(a) | 25,000 | 25,835 |
4,748,603 | ||
Energy 7.5% | ||
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc. | ||
2.77%, 12/15/22(a) | 35,000 | 35,732 |
BP Capital Markets America, Inc. | ||
2.11%, 09/16/21(a) | 85,000 | 85,443 |
2.52%, 09/19/22(a) | 50,000 | 50,816 |
2.75%, 05/10/23 | 65,000 | 66,545 |
3.79%, 02/06/24(a) | 40,000 | 42,585 |
3.22%, 04/14/24(a) | 25,000 | 26,089 |
Canadian Natural Resources Ltd. | ||
3.45%, 11/15/21(a) | 25,000 | 25,595 |
Chevron Corp. | ||
2.50%, 03/03/22(a) | 75,000 | 76,263 |
2.57%, 05/16/23(a) | 75,000 | 76,576 |
Continental Resources, Inc. | ||
4.50%, 04/15/23(a) | 50,000 | 52,471 |
Dominion Energy Gas Holdings LLC | ||
Series A | ||
2.50%, 11/15/24(a) | 20,000 | 20,124 |
Enable Midstream Partners LP | ||
3.90%, 05/15/24(a) | 25,000 | 25,647 |
Enbridge, Inc. | ||
2.90%, 07/15/22(a) | 50,000 | 50,969 |
Energy Transfer Operating LP | ||
4.25%, 03/15/23(a) | 50,000 | 52,193 |
4.50%, 04/15/24(a) | 70,000 | 74,523 |
Energy Transfer Partners LP | ||
4.65%, 06/01/21(a) | 75,000 | 77,115 |
Enterprise Products Operating LLC | ||
2.80%, 02/15/21 | 50,000 | 50,509 |
3.35%, 03/15/23(a) | 50,000 | 51,768 |
EOG Resources, Inc. | ||
4.10%, 02/01/21 | 50,000 | 51,243 |
EQT Corp. | ||
4.88%, 11/15/21 | 25,000 | 25,790 |
3.00%, 10/01/22(a) | 25,000 | 24,563 |
Exxon Mobil Corp. | ||
2.40%, 03/06/22(a) | 50,000 | 50,660 |
2.73%, 03/01/23(a) | 30,000 | 30,745 |
3.18%, 03/15/24(a) | 65,000 | 68,176 |
2.02%, 08/16/24(a) | 30,000 | 30,122 |
Halliburton Co. | ||
3.50%, 08/01/23(a) | 60,000 | 62,491 |
Husky Energy, Inc. | ||
3.95%, 04/15/22(a) | 25,000 | 25,884 |
Kinder Morgan Energy Partners LP | ||
3.50%, 03/01/21(a) | 75,000 | 76,081 |
3.50%, 09/01/23(a) | 50,000 | 51,867 |
4.15%, 02/01/24(a) | 25,000 | 26,561 |
Marathon Petroleum Corp. | ||
4.75%, 12/15/23(a) | 50,000 | 54,328 |
3.63%, 09/15/24(a) | 25,000 | 26,258 |
MPLX LP | ||
3.38%, 03/15/23(a) | 45,000 | 46,239 |
Newfield Exploration Co. | ||
5.75%, 01/30/22 | 75,000 | 79,748 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Noble Energy, Inc. | ||
3.90%, 11/15/24(a) | 20,000 | 21,194 |
Occidental Petroleum Corp. | ||
2.60%, 04/15/22(a) | 75,000 | 75,577 |
2.70%, 02/15/23(a) | 75,000 | 75,598 |
2.90%, 08/15/24(a) | 75,000 | 76,225 |
ONEOK, Inc. | ||
4.25%, 02/01/22(a) | 50,000 | 51,964 |
2.75%, 09/01/24(a) | 25,000 | 25,209 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
2.85%, 01/31/23(a) | 40,000 | 40,452 |
Sabine Pass Liquefaction LLC | ||
6.25%, 03/15/22(a) | 100,000 | 107,490 |
Shell International Finance BV | ||
1.75%, 09/12/21 | 50,000 | 49,986 |
3.50%, 11/13/23(a) | 50,000 | 52,710 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24(a) | 25,000 | 27,238 |
Total Capital International S.A. | ||
2.75%, 06/19/21 | 75,000 | 76,147 |
3.70%, 01/15/24 | 70,000 | 74,439 |
TransCanada PipeLines Ltd. | ||
2.50%, 08/01/22 | 50,000 | 50,575 |
Williams Cos., Inc. | ||
3.60%, 03/15/22(a) | 50,000 | 51,384 |
4.50%, 11/15/23(a) | 75,000 | 80,184 |
4.55%, 06/24/24(a) | 25,000 | 27,000 |
2,635,091 | ||
Technology 9.0% | ||
Analog Devices, Inc. | ||
2.95%, 01/12/21 | 75,000 | 75,693 |
Apple, Inc. | ||
2.25%, 02/23/21(a) | 175,000 | 176,088 |
2.30%, 05/11/22(a) | 50,000 | 50,638 |
2.85%, 02/23/23(a) | 50,000 | 51,451 |
3.45%, 05/06/24 | 100,000 | 106,337 |
2.85%, 05/11/24(a) | 125,000 | 129,381 |
Applied Materials, Inc. | ||
4.30%, 06/15/21 | 25,000 | 25,912 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24(a) | 25,000 | 25,806 |
Baidu, Inc. | ||
3.88%, 09/29/23(a) | 100,000 | 104,209 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.00%, 01/15/22(a) | 100,000 | 101,551 |
3.63%, 01/15/24(a) | 50,000 | 51,814 |
Broadcom, Inc. | ||
3.13%, 04/15/21(c) | 30,000 | 30,377 |
3.13%, 10/15/22(c) | 100,000 | 102,059 |
Cisco Systems, Inc. | ||
1.85%, 09/20/21(a) | 50,000 | 50,095 |
2.20%, 09/20/23(a) | 50,000 | 50,639 |
3.63%, 03/04/24 | 30,000 | 32,143 |
Dell International LLC/EMC Corp. | ||
4.42%, 06/15/21(a)(c) | 70,000 | 72,053 |
5.45%, 06/15/23(a)(c) | 90,000 | 97,673 |
4.00%, 07/15/24(a)(c) | 25,000 | 26,219 |
Equinix, Inc. | ||
2.63%, 11/18/24(a) | 20,000 | 20,114 |
Fiserv, Inc. | ||
3.80%, 10/01/23(a) | 70,000 | 73,970 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Global Payments, Inc. | ||
3.80%, 04/01/21(a) | 75,000 | 76,437 |
4.00%, 06/01/23(a) | 25,000 | 26,342 |
Hewlett Packard Enterprise Co. | ||
4.40%, 10/15/22(a) | 50,000 | 52,848 |
HP, Inc. | ||
4.38%, 09/15/21 | 25,000 | 25,918 |
IBM Credit LLC | ||
2.65%, 02/05/21 | 100,000 | 100,931 |
2.20%, 09/08/22 | 100,000 | 100,742 |
Intel Corp. | ||
3.30%, 10/01/21 | 75,000 | 77,143 |
2.88%, 05/11/24(a) | 25,000 | 25,950 |
International Business Machines Corp. | ||
3.38%, 08/01/23 | 150,000 | 157,028 |
KLA Corp. | ||
4.13%, 11/01/21(a) | 25,000 | 25,859 |
Lam Research Corp. | ||
2.80%, 06/15/21(a) | 25,000 | 25,305 |
Microchip Technology, Inc. | ||
4.33%, 06/01/23(a) | 25,000 | 26,477 |
Micron Technology, Inc. | ||
4.64%, 02/06/24(a) | 25,000 | 27,122 |
Microsoft Corp. | ||
1.55%, 08/08/21(a) | 50,000 | 49,945 |
2.40%, 02/06/22(a) | 50,000 | 50,731 |
2.65%, 11/03/22(a) | 25,000 | 25,624 |
2.00%, 08/08/23(a) | 70,000 | 70,486 |
2.88%, 02/06/24(a) | 50,000 | 51,921 |
Motorola Solutions, Inc. | ||
4.00%, 09/01/24 | 25,000 | 26,560 |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24(a)(c) | 25,000 | 27,252 |
Oracle Corp. | ||
2.80%, 07/08/21 | 25,000 | 25,393 |
1.90%, 09/15/21(a) | 150,000 | 150,374 |
2.63%, 02/15/23(a) | 75,000 | 76,628 |
3.40%, 07/08/24(a) | 50,000 | 52,786 |
2.95%, 11/15/24(a) | 50,000 | 52,021 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24(a) | 50,000 | 50,527 |
QUALCOMM, Inc. | ||
3.00%, 05/20/22 | 50,000 | 51,281 |
2.60%, 01/30/23(a) | 50,000 | 50,924 |
salesforce.com, Inc. | ||
3.25%, 04/11/23(a) | 25,000 | 26,010 |
Seagate HDD Cayman | ||
4.25%, 03/01/22(a) | 25,000 | 25,844 |
4.75%, 06/01/23 | 25,000 | 26,576 |
Texas Instruments, Inc. | ||
2.25%, 05/01/23(a) | 25,000 | 25,355 |
Xilinx, Inc. | ||
2.95%, 06/01/24(a) | 25,000 | 25,742 |
3,144,304 | ||
Transportation 1.7% | ||
Burlington Northern Santa Fe LLC | ||
3.05%, 09/01/22(a) | 75,000 | 77,079 |
CSX Corp. | ||
3.40%, 08/01/24(a) | 25,000 | 26,461 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Delta Air Lines, Inc. | ||
3.80%, 04/19/23(a) | 70,000 | 72,751 |
2.90%, 10/28/24(a) | 25,000 | 25,143 |
FedEx Corp. | ||
4.00%, 01/15/24 | 25,000 | 26,759 |
Norfolk Southern Corp. | ||
3.00%, 04/01/22(a) | 30,000 | 30,619 |
Ryder System, Inc. | ||
3.45%, 11/15/21(a) | 25,000 | 25,579 |
2.88%, 06/01/22(a) | 50,000 | 50,914 |
2.50%, 09/01/24(a) | 20,000 | 20,158 |
Union Pacific Corp. | ||
2.95%, 03/01/22 | 45,000 | 45,999 |
2.95%, 01/15/23(a) | 25,000 | 25,591 |
3.50%, 06/08/23(a) | 50,000 | 52,440 |
United Parcel Service, Inc. | ||
2.05%, 04/01/21 | 50,000 | 50,161 |
2.50%, 04/01/23(a) | 25,000 | 25,380 |
2.20%, 09/01/24(a) | 25,000 | 25,175 |
580,209 | ||
18,552,248 | ||
Utility 4.3% | ||
Electric 4.1% | ||
Ameren Corp. | ||
2.50%, 09/15/24(a) | 25,000 | 25,120 |
American Electric Power Co., Inc. | ||
Series I | ||
3.65%, 12/01/21 | 50,000 | 51,589 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/22(a) | 50,000 | 50,471 |
Commonwealth Edison Co. | ||
3.40%, 09/01/21(a) | 50,000 | 51,132 |
Dominion Energy, Inc. | ||
4.10%, 04/01/21 | 25,000 | 25,588 |
2.75%, 09/15/22(a) | 50,000 | 50,734 |
DTE Energy Co. | ||
3.70%, 08/01/23(a) | 55,000 | 57,380 |
3.85%, 12/01/23(a) | 30,000 | 31,500 |
3.50%, 06/01/24(a) | 30,000 | 31,258 |
Duke Energy Carolinas LLC | ||
3.05%, 03/15/23(a) | 65,000 | 67,140 |
Duke Energy Corp. | ||
3.05%, 08/15/22(a) | 50,000 | 51,183 |
Duke Energy Progress LLC | ||
2.80%, 05/15/22(a) | 30,000 | 30,658 |
Edison International | ||
2.95%, 03/15/23(a) | 25,000 | 25,031 |
Entergy Corp. | ||
4.00%, 07/15/22(a) | 40,000 | 41,824 |
Evergy, Inc. | ||
4.85%, 06/01/21(a) | 50,000 | 51,591 |
Eversource Energy | ||
2.75%, 03/15/22(a) | 25,000 | 25,371 |
2.90%, 10/01/24(a) | 25,000 | 25,580 |
Exelon Corp. | ||
2.45%, 04/15/21(a) | 50,000 | 50,271 |
FirstEnergy Corp. | ||
Series B | ||
4.25%, 03/15/23(a) | 25,000 | 26,380 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Florida Power & Light Co. | ||
2.75%, 06/01/23(a) | 40,000 | 41,033 |
3.25%, 06/01/24(a) | 30,000 | 31,418 |
Georgia Power Co. | ||
Series A | ||
2.20%, 09/15/24(a) | 25,000 | 25,044 |
National Rural Utilities Cooperative Finance Corp. | ||
2.40%, 04/25/22(a) | 50,000 | 50,565 |
NextEra Energy Capital Holdings, Inc. | ||
2.80%, 01/15/23(a) | 40,000 | 40,685 |
3.15%, 04/01/24(a) | 65,000 | 67,442 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24(a) | 25,000 | 25,604 |
PacifiCorp | ||
3.60%, 04/01/24(a) | 50,000 | 52,664 |
PPL Capital Funding, Inc. | ||
3.50%, 12/01/22(a) | 50,000 | 51,740 |
Public Service Enterprise Group, Inc. | ||
2.65%, 11/15/22(a) | 50,000 | 50,793 |
Southern California Edison Co. | ||
3.88%, 06/01/21(a) | 50,000 | 51,095 |
Southern Co. | ||
2.35%, 07/01/21(a) | 50,000 | 50,284 |
Virginia Electric & Power Co. | ||
Series C | ||
2.75%, 03/15/23(a) | 50,000 | 51,156 |
WEC Energy Group, Inc. | ||
3.38%, 06/15/21 | 25,000 | 25,511 |
Xcel Energy, Inc. | ||
2.40%, 03/15/21(a) | 50,000 | 50,270 |
1,435,105 | ||
Natural Gas 0.2% | ||
NiSource, Inc. | ||
2.65%, 11/17/22(a) | 25,000 | 25,343 |
Sempra Energy | ||
2.88%, 10/01/22(a) | 50,000 | 50,954 |
76,297 | ||
1,511,402 | ||
Total Corporates | ||
(Cost $34,463,151) | 34,498,134 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries1.1% of net assets | ||
Notes | ||
1.75%, 12/31/24 | 400,000 | 401,344 |
Total Treasuries | ||
(Cost $401,266) | 401,344 | |
Security | Number of Shares | Value ($) |
Other Investment Company0.7% of net assets | ||
Money Market Fund 0.7% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(d) | 227,139 | 227,139 |
Total Other Investment Company | ||
(Cost $227,139) | 227,139 |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security converts to floating rate after the fixed-rate coupon period. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $738,895 or 2.1% of net assets. |
(d) | The rate shown is the 7-day yield. |
REIT — | Real Estate Investment Trust |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Corporates1 | $— | $34,498,134 | $— | $34,498,134 | |
Treasuries | — | 401,344 | — | 401,344 | |
Other Investment Company1 | 227,139 | — | — | 227,139 | |
Total | $227,139 | $34,899,478 | $— | $35,126,617 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $35,091,556) | $35,126,617 | |
Receivables: | ||
Interest | 305,336 | |
Dividends | + | 205 |
Total assets | 35,432,158 | |
Liabilities | ||
Payables: | ||
Investments bought | 401,323 | |
Management fees | + | 1,600 |
Total liabilities | 402,923 | |
Net Assets | ||
Total assets | 35,432,158 | |
Total liabilities | – | 402,923 |
Net assets | $35,029,235 | |
Net Assets by Source | ||
Capital received from investors | 34,996,345 | |
Total distributable earnings | 32,890 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$35,029,235 | 700,000 | $50.04 | ||
Investment Income | ||
Dividends | $1,155 | |
Interest | + | 139,898 |
Total investment income | 141,053 | |
Expenses | ||
Management fees | 3,906 | |
Total expenses | – | 3,906 |
Net investment income | 137,147 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (3,498) | |
Net change in unrealized appreciation (depreciation) on investments | + | 35,061 |
Net realized and unrealized gains | 31,563 | |
Increase in net assets resulting from operations | $168,710 |
* | Commencement of operations. |
Operations | ||
10/10/19*-12/31/19 | ||
Net investment income | $137,147 | |
Net realized losses | (3,498) | |
Net change in unrealized appreciation (depreciation) | + | 35,061 |
Increase in net assets resulting from operations | 168,710 | |
Distributions to Shareholders | ||
Total distributions | ($135,820) |
Transactions in Fund Shares | ||||
10/10/19*-12/31/19 | ||||
SHARES | VALUE | |||
Shares sold | 700,000 | $34,996,345 | ||
Shares redeemed | + | — | — | |
Net transactions in fund shares | 700,000 | $34,996,345 | ||
Shares Outstanding and Net Assets | ||||
10/10/19*-12/31/19 | ||||
SHARES | NET ASSETS | |||
Beginning of period | — | $— | ||
Total increase | + | 700,000 | 35,029,235 | |
End of period | 700,000 | $35,029,235 |
* | Commencement of operations. |
10/10/191– 12/31/19 | ||||||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.00 | |||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.29 | |||||
Net realized and unrealized gains (losses) | 0.04 | |||||
Total from investment operations | 0.33 | |||||
Less distributions: | ||||||
Distributions from net investment income | (0.26) | |||||
Net asset value at end of period | $50.07 | |||||
Total return | 0.67%3 | |||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.06%4,5 | |||||
Net investment income (loss) | 2.61%4 | |||||
Portfolio turnover rate | 8%3 | |||||
Net assets, end of period (x 1,000) | $110,151 | |||||
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Corporates98.8% of net assets | ||
Financial Institutions 35.6% | ||
Banking 24.5% | ||
Ally Financial, Inc. | ||
4.63%, 03/30/25 | 50,000 | 54,517 |
American Express Co. | ||
4.20%, 11/06/25(a) | 100,000 | 110,378 |
3.13%, 05/20/26(a) | 100,000 | 104,322 |
American Express Credit Corp. | ||
3.30%, 05/03/27(a) | 100,000 | 106,942 |
Banco Santander S.A. | ||
4.25%, 04/11/27 | 200,000 | 215,882 |
3.80%, 02/23/28 | 200,000 | 210,906 |
Bank of America Corp. | ||
4.00%, 01/22/25 | 300,000 | 320,323 |
3.95%, 04/21/25 | 150,000 | 160,138 |
3.37%, 01/23/26(a)(b) | 180,000 | 188,554 |
4.45%, 03/03/26 | 200,000 | 219,691 |
3.50%, 04/19/26 | 250,000 | 266,245 |
3.56%, 04/23/27(a)(b) | 250,000 | 264,521 |
3.25%, 10/21/27(a) | 250,000 | 261,211 |
4.18%, 11/25/27(a) | 150,000 | 162,935 |
3.82%, 01/20/28(a)(b) | 150,000 | 161,634 |
3.71%, 04/24/28(a)(b) | 100,000 | 107,003 |
3.59%, 07/21/28(a)(b) | 250,000 | 265,921 |
3.42%, 12/20/28(a)(b) | 425,000 | 447,011 |
3.97%, 03/05/29(a)(b) | 100,000 | 109,022 |
4.27%, 07/23/29(a)(b) | 200,000 | 222,698 |
3.97%, 02/07/30(a)(b) | 125,000 | 137,536 |
3.19%, 07/23/30(a)(b) | 100,000 | 103,658 |
Bank of Montreal | ||
3.80%, 12/15/32(a)(b) | 100,000 | 104,967 |
Bank of New York Mellon Corp. | ||
3.00%, 02/24/25(a) | 50,000 | 52,012 |
2.80%, 05/04/26(a) | 50,000 | 51,456 |
3.44%, 02/07/28(a)(b) | 150,000 | 159,652 |
3.85%, 04/28/28 | 125,000 | 140,090 |
3.00%, 10/30/28(a) | 100,000 | 103,101 |
Bank of Nova Scotia | ||
2.70%, 08/03/26 | 150,000 | 152,975 |
Barclays PLC | ||
3.65%, 03/16/25 | 200,000 | 209,300 |
4.97%, 05/16/29(a)(b) | 225,000 | 254,046 |
Capital One Financial Corp. | ||
4.25%, 04/30/25(a) | 50,000 | 54,465 |
4.20%, 10/29/25(a) | 90,000 | 97,215 |
3.75%, 07/28/26(a) | 50,000 | 52,711 |
3.75%, 03/09/27(a) | 100,000 | 106,970 |
3.80%, 01/31/28(a) | 200,000 | 215,219 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Citigroup, Inc. | ||
3.30%, 04/27/25 | 150,000 | 157,681 |
4.40%, 06/10/25 | 175,000 | 190,503 |
5.50%, 09/13/25 | 150,000 | 171,791 |
3.70%, 01/12/26 | 150,000 | 160,099 |
3.40%, 05/01/26 | 100,000 | 105,251 |
3.20%, 10/21/26(a) | 200,000 | 207,657 |
4.30%, 11/20/26 | 150,000 | 163,365 |
4.45%, 09/29/27 | 475,000 | 524,044 |
3.67%, 07/24/28(a)(b) | 200,000 | 213,219 |
4.13%, 07/25/28 | 100,000 | 108,992 |
3.52%, 10/27/28(a)(b) | 75,000 | 79,167 |
4.08%, 04/23/29(a)(b) | 150,000 | 164,684 |
3.98%, 03/20/30(a)(b) | 150,000 | 164,223 |
2.98%, 11/05/30(a)(b) | 150,000 | 152,563 |
Citizens Financial Group, Inc. | ||
2.85%, 07/27/26(a) | 100,000 | 101,962 |
Comerica, Inc. | ||
4.00%, 02/01/29(a) | 100,000 | 109,420 |
Cooperatieve Rabobank UA | ||
3.38%, 05/21/25 | 250,000 | 265,644 |
Credit Suisse Group Funding Guernsey Ltd. | ||
3.75%, 03/26/25 | 250,000 | 265,227 |
Discover Financial Services | ||
3.75%, 03/04/25(a) | 250,000 | 264,976 |
4.10%, 02/09/27(a) | 50,000 | 53,968 |
Fifth Third Bancorp | ||
2.38%, 01/28/25(a) | 200,000 | 200,821 |
Goldman Sachs Group, Inc. | ||
3.50%, 01/23/25(a) | 350,000 | 367,645 |
4.25%, 10/21/25 | 100,000 | 108,795 |
3.75%, 02/25/26(a) | 100,000 | 106,313 |
3.50%, 11/16/26(a) | 140,000 | 147,433 |
3.85%, 01/26/27(a) | 215,000 | 229,116 |
3.69%, 06/05/28(a)(b) | 150,000 | 159,619 |
3.81%, 04/23/29(a)(b) | 340,000 | 364,954 |
4.22%, 05/01/29(a)(b) | 100,000 | 110,368 |
HSBC Holdings PLC | ||
4.25%, 08/18/25 | 200,000 | 214,606 |
4.30%, 03/08/26 | 200,000 | 218,101 |
3.90%, 05/25/26 | 400,000 | 427,104 |
4.29%, 09/12/26(a)(b) | 200,000 | 216,755 |
4.04%, 03/13/28(a)(b) | 225,000 | 240,751 |
4.58%, 06/19/29(a)(b) | 200,000 | 223,466 |
ING Groep N.V. | ||
3.95%, 03/29/27 | 200,000 | 215,419 |
JPMorgan Chase & Co. | ||
3.13%, 01/23/25(a) | 175,000 | 182,767 |
3.90%, 07/15/25(a) | 200,000 | 216,215 |
3.30%, 04/01/26(a) | 100,000 | 105,306 |
3.20%, 06/15/26(a) | 200,000 | 209,202 |
2.95%, 10/01/26(a) | 200,000 | 206,446 |
4.13%, 12/15/26 | 240,000 | 263,845 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.96%, 01/29/27(a)(b) | 200,000 | 217,312 |
4.25%, 10/01/27 | 150,000 | 166,219 |
3.63%, 12/01/27(a) | 200,000 | 211,512 |
3.78%, 02/01/28(a)(b) | 100,000 | 107,834 |
3.51%, 01/23/29(a)(b) | 50,000 | 53,174 |
4.01%, 04/23/29(a)(b) | 150,000 | 165,032 |
4.20%, 07/23/29(a)(b) | 250,000 | 279,205 |
4.45%, 12/05/29(a)(b) | 150,000 | 171,025 |
3.70%, 05/06/30(a)(b) | 150,000 | 161,954 |
2.74%, 10/15/30(a)(b) | 200,000 | 200,466 |
KeyCorp | ||
4.10%, 04/30/28 | 100,000 | 110,010 |
2.55%, 10/01/29 | 150,000 | 146,989 |
Lloyds Bank PLC | ||
3.50%, 05/14/25 | 200,000 | 211,883 |
Lloyds Banking Group PLC | ||
4.58%, 12/10/25 | 225,000 | 244,197 |
4.55%, 08/16/28 | 400,000 | 449,188 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.68%, 02/22/27 | 200,000 | 212,591 |
3.29%, 07/25/27 | 150,000 | 156,178 |
3.74%, 03/07/29 | 100,000 | 108,053 |
3.20%, 07/18/29 | 200,000 | 207,228 |
Mizuho Financial Group, Inc. | ||
2.84%, 09/13/26 | 200,000 | 202,453 |
4.25%, 09/11/29(a)(b) | 200,000 | 221,425 |
Morgan Stanley | ||
4.00%, 07/23/25 | 100,000 | 108,347 |
5.00%, 11/24/25 | 50,000 | 56,396 |
3.88%, 01/27/26 | 150,000 | 161,445 |
3.13%, 07/27/26 | 200,000 | 206,965 |
6.25%, 08/09/26 | 100,000 | 122,092 |
4.35%, 09/08/26 | 100,000 | 109,439 |
3.63%, 01/20/27 | 485,000 | 517,323 |
3.95%, 04/23/27 | 258,000 | 276,699 |
3.77%, 01/24/29(a)(b) | 258,000 | 278,080 |
4.43%, 01/23/30(a)(b) | 130,000 | 147,101 |
National Australia Bank Ltd. | ||
3.38%, 01/14/26 | 250,000 | 263,232 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 100,000 | 109,086 |
3.15%, 05/03/29(a) | 50,000 | 52,864 |
PNC Bank NA | ||
4.05%, 07/26/28 | 250,000 | 275,245 |
PNC Financial Services Group, Inc. | ||
2.60%, 07/23/26(a) | 200,000 | 203,537 |
3.45%, 04/23/29(a) | 75,000 | 80,305 |
Royal Bank of Canada | ||
4.65%, 01/27/26 | 100,000 | 111,056 |
Royal Bank of Scotland Group PLC | ||
4.80%, 04/05/26 | 200,000 | 222,544 |
5.08%, 01/27/30(a)(b) | 200,000 | 230,413 |
Santander Holdings USA, Inc. | ||
4.50%, 07/17/25(a) | 100,000 | 108,006 |
3.24%, 10/05/26(a)(c) | 100,000 | 100,711 |
State Street Corp. | ||
3.30%, 12/16/24 | 70,000 | 73,910 |
2.65%, 05/19/26 | 150,000 | 152,859 |
4.14%, 12/03/29(a)(b) | 50,000 | 56,199 |
Sumitomo Mitsui Financial Group, Inc. | ||
3.01%, 10/19/26 | 250,000 | 256,222 |
4.31%, 10/16/28 | 250,000 | 279,682 |
3.04%, 07/16/29 | 250,000 | 255,651 |
3.20%, 09/17/29 | 100,000 | 101,700 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
SVB Financial Group | ||
3.50%, 01/29/25 | 50,000 | 52,436 |
Synchrony Financial | ||
3.95%, 12/01/27(a) | 100,000 | 105,635 |
5.15%, 03/19/29(a) | 50,000 | 56,899 |
Toronto-Dominion Bank | ||
3.63%, 09/15/31(a)(b) | 50,000 | 52,464 |
Truist Bank | ||
3.63%, 09/16/25(a) | 250,000 | 266,470 |
4.05%, 11/03/25(a) | 150,000 | 164,753 |
Truist Financial Corp. | ||
3.70%, 06/05/25(a) | 75,000 | 80,886 |
3.88%, 03/19/29(a) | 50,000 | 54,627 |
US Bancorp | ||
3.95%, 11/17/25(a) | 100,000 | 110,009 |
2.38%, 07/22/26(a) | 100,000 | 100,596 |
3.15%, 04/27/27(a) | 170,000 | 178,776 |
3.00%, 07/30/29(a) | 100,000 | 102,841 |
Wells Fargo & Co. | ||
3.00%, 02/19/25 | 100,000 | 103,263 |
3.00%, 04/22/26 | 125,000 | 128,620 |
4.10%, 06/03/26 | 100,000 | 107,803 |
3.00%, 10/23/26 | 500,000 | 513,695 |
3.20%, 06/17/27(a)(b) | 100,000 | 103,820 |
4.30%, 07/22/27 | 250,000 | 274,114 |
3.58%, 05/22/28(a)(b) | 200,000 | 212,829 |
4.15%, 01/24/29(a) | 150,000 | 167,705 |
2.88%, 10/30/30(a)(b) | 350,000 | 353,169 |
Westpac Banking Corp. | ||
2.35%, 02/19/25 | 150,000 | 150,558 |
2.85%, 05/13/26 | 150,000 | 153,655 |
3.40%, 01/25/28 | 50,000 | 53,170 |
4.11%, 07/24/34(a)(b) | 125,000 | 131,422 |
27,015,962 | ||
Brokerage/Asset Managers/Exchanges 1.5% | ||
Ameriprise Financial, Inc. | ||
2.88%, 09/15/26(a) | 50,000 | 51,499 |
BlackRock, Inc. | ||
3.20%, 03/15/27 | 50,000 | 53,118 |
3.25%, 04/30/29(a) | 75,000 | 80,620 |
Brookfield Asset Management, Inc. | ||
4.00%, 01/15/25(a) | 50,000 | 54,135 |
Brookfield Finance, Inc. | ||
4.85%, 03/29/29(a) | 75,000 | 86,539 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27(a) | 50,000 | 54,206 |
Charles Schwab Corp. | ||
3.20%, 03/02/27(a)(d) | 250,000 | 262,441 |
CME Group, Inc. | ||
3.00%, 03/15/25(a) | 100,000 | 104,140 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27(a) | 75,000 | 78,219 |
Eaton Vance Corp. | ||
3.50%, 04/06/27(a) | 25,000 | 26,381 |
Intercontinental Exchange, Inc. | ||
3.75%, 12/01/25(a) | 100,000 | 108,458 |
3.10%, 09/15/27(a) | 50,000 | 52,668 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 50,000 | 53,436 |
Janus Capital Group, Inc. | ||
4.88%, 08/01/25(a) | 75,000 | 82,306 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.85%, 01/15/27 | 100,000 | 110,646 |
Lazard Group LLC | ||
4.50%, 09/19/28(a) | 100,000 | 111,267 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 75,000 | 82,449 |
TD Ameritrade Holding Corp. | ||
3.63%, 04/01/25(a) | 50,000 | 53,321 |
3.30%, 04/01/27(a) | 100,000 | 104,947 |
1,610,796 | ||
Finance Companies 0.8% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.45%, 10/01/25(a) | 150,000 | 161,788 |
3.65%, 07/21/27(a) | 150,000 | 154,699 |
Air Lease Corp. | ||
3.25%, 03/01/25(a) | 75,000 | 77,332 |
3.63%, 04/01/27(a) | 100,000 | 104,016 |
3.63%, 12/01/27(a) | 50,000 | 51,964 |
GATX Corp. | ||
4.70%, 04/01/29(a) | 75,000 | 83,828 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 200,000 | 208,421 |
842,048 | ||
Insurance 3.9% | ||
American Financial Group, Inc. | ||
3.50%, 08/15/26(a) | 100,000 | 103,297 |
American International Group, Inc. | ||
3.75%, 07/10/25(a) | 150,000 | 160,762 |
4.25%, 03/15/29(a) | 100,000 | 111,447 |
5.75%, 04/01/48(a)(b) | 50,000 | 54,953 |
Anthem, Inc. | ||
2.38%, 01/15/25(a) | 100,000 | 100,173 |
3.65%, 12/01/27(a) | 50,000 | 53,003 |
4.10%, 03/01/28(a) | 150,000 | 163,276 |
Aon Corp. | ||
3.75%, 05/02/29(a) | 100,000 | 107,148 |
Aon PLC | ||
3.88%, 12/15/25(a) | 50,000 | 53,898 |
Athene Holding Ltd. | ||
4.13%, 01/12/28(a) | 70,000 | 72,372 |
AXA Equitable Holdings, Inc. | ||
4.35%, 04/20/28(a) | 150,000 | 162,499 |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27(a) | 100,000 | 107,725 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26(a) | 150,000 | 158,641 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27(a) | 100,000 | 99,782 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 90,000 | 94,836 |
3.35%, 05/03/26(a) | 100,000 | 106,510 |
CNA Financial Corp. | ||
4.50%, 03/01/26(a) | 100,000 | 110,041 |
3.90%, 05/01/29(a) | 50,000 | 53,845 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25(a) | 100,000 | 111,286 |
Enstar Group Ltd. | ||
4.95%, 06/01/29(a) | 50,000 | 53,888 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28(a) | 50,000 | 54,576 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Globe Life, Inc. | ||
4.55%, 09/15/28(a) | 50,000 | 55,831 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29(a) | 100,000 | 101,440 |
Humana, Inc. | ||
3.13%, 08/15/29(a) | 100,000 | 102,041 |
Lincoln National Corp. | ||
3.35%, 03/09/25 | 50,000 | 52,149 |
Loews Corp. | ||
3.75%, 04/01/26(a) | 100,000 | 107,407 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 75,000 | 82,580 |
4.06%, 02/24/32(a)(b) | 50,000 | 51,807 |
Markel Corp. | ||
3.50%, 11/01/27(a) | 75,000 | 77,688 |
Marsh & McLennan Cos., Inc. | ||
3.75%, 03/14/26(a) | 100,000 | 107,338 |
4.38%, 03/15/29(a) | 50,000 | 57,123 |
MetLife, Inc. | ||
3.00%, 03/01/25 | 50,000 | 52,122 |
3.60%, 11/13/25(a) | 100,000 | 107,705 |
Old Republic International Corp. | ||
3.88%, 08/26/26(a) | 50,000 | 52,870 |
Principal Financial Group, Inc. | ||
3.70%, 05/15/29(a) | 50,000 | 54,579 |
Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 100,612 |
Prudential Financial, Inc. | ||
5.38%, 05/15/45(a)(b) | 150,000 | 162,586 |
4.50%, 09/15/47(a)(b) | 100,000 | 104,430 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29(a) | 50,000 | 53,746 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29(a) | 50,000 | 52,852 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 180,000 | 194,620 |
3.85%, 06/15/28 | 150,000 | 165,313 |
3.88%, 12/15/28 | 50,000 | 55,337 |
2.88%, 08/15/29 | 100,000 | 103,108 |
Unum Group | ||
4.00%, 06/15/29(a) | 50,000 | 52,819 |
Willis North America, Inc. | ||
4.50%, 09/15/28(a) | 50,000 | 55,230 |
2.95%, 09/15/29(a) | 100,000 | 99,303 |
4,356,594 | ||
REITs 4.9% | ||
Alexandria Real Estate Equities, Inc. | ||
4.30%, 01/15/26(a) | 50,000 | 54,889 |
3.80%, 04/15/26(a) | 50,000 | 53,464 |
3.95%, 01/15/28(a) | 100,000 | 107,740 |
American Campus Communities Operating Partnership LP | ||
3.30%, 07/15/26(a) | 50,000 | 51,855 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28(a) | 125,000 | 133,249 |
AvalonBay Communities, Inc. | ||
3.45%, 06/01/25(a) | 50,000 | 52,931 |
2.90%, 10/15/26(a) | 100,000 | 102,953 |
Boston Properties LP | ||
3.65%, 02/01/26(a) | 250,000 | 265,125 |
4.50%, 12/01/28(a) | 100,000 | 113,691 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Brixmor Operating Partnership LP | ||
3.90%, 03/15/27(a) | 50,000 | 52,535 |
4.13%, 05/15/29(a) | 100,000 | 107,590 |
Camden Property Trust | ||
3.15%, 07/01/29(a) | 75,000 | 78,219 |
CubeSmart LP | ||
3.13%, 09/01/26(a) | 100,000 | 101,885 |
CyrusOne LP/CyrusOne Finance Corp. | ||
3.45%, 11/15/29(a) | 50,000 | 50,269 |
Digital Realty Trust LP | ||
4.45%, 07/15/28(a) | 100,000 | 110,755 |
3.60%, 07/01/29(a) | 100,000 | 104,697 |
Duke Realty LP | ||
3.75%, 12/01/24(a) | 100,000 | 106,320 |
2.88%, 11/15/29(a) | 50,000 | 50,129 |
EPR Properties | ||
4.50%, 06/01/27(a) | 50,000 | 53,718 |
4.95%, 04/15/28(a) | 100,000 | 109,569 |
ERP Operating LP | ||
2.85%, 11/01/26(a) | 75,000 | 77,473 |
4.15%, 12/01/28(a) | 100,000 | 112,390 |
Essex Portfolio LP | ||
4.00%, 03/01/29(a) | 100,000 | 108,942 |
Federal Realty Investment Trust | ||
3.25%, 07/15/27(a) | 100,000 | 104,066 |
Healthpeak Properties, Inc. | ||
4.00%, 06/01/25(a) | 100,000 | 107,844 |
3.25%, 07/15/26(a) | 73,000 | 75,750 |
Highwoods Realty LP | ||
4.20%, 04/15/29(a) | 100,000 | 107,861 |
Hudson Pacific Properties LP | ||
4.65%, 04/01/29(a) | 100,000 | 110,146 |
Kilroy Realty LP | ||
4.25%, 08/15/29(a) | 50,000 | 54,503 |
Kimco Realty Corp. | ||
2.80%, 10/01/26(a) | 125,000 | 125,918 |
Mid-America Apartments LP | ||
4.20%, 06/15/28(a) | 100,000 | 111,065 |
National Retail Properties, Inc. | ||
3.60%, 12/15/26(a) | 100,000 | 105,198 |
Omega Healthcare Investors, Inc. | ||
5.25%, 01/15/26(a) | 100,000 | 111,627 |
3.63%, 10/01/29(a) | 100,000 | 101,860 |
Physicians Realty LP | ||
4.30%, 03/15/27(a) | 50,000 | 53,377 |
Prologis LP | ||
3.75%, 11/01/25(a) | 100,000 | 108,435 |
Public Storage | ||
3.09%, 09/15/27(a) | 100,000 | 104,690 |
Realty Income Corp. | ||
4.13%, 10/15/26(a) | 100,000 | 109,771 |
3.65%, 01/15/28(a) | 75,000 | 80,991 |
Regency Centers LP | ||
3.60%, 02/01/27(a) | 50,000 | 52,746 |
2.95%, 09/15/29(a) | 50,000 | 50,013 |
Sabra Health Care LP | ||
5.13%, 08/15/26(a) | 50,000 | 54,202 |
Service Properties Trust | ||
4.75%, 10/01/26(a) | 75,000 | 77,439 |
4.95%, 10/01/29(a) | 100,000 | 102,091 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Simon Property Group LP | ||
3.30%, 01/15/26(a) | 50,000 | 52,696 |
3.38%, 06/15/27(a) | 50,000 | 52,996 |
2.45%, 09/13/29(a) | 150,000 | 148,060 |
SITE Centers Corp. | ||
3.63%, 02/01/25(a) | 100,000 | 103,423 |
Spirit Realty LP | ||
3.20%, 01/15/27(a) | 75,000 | 75,315 |
UDR, Inc. | ||
4.40%, 01/26/29(a) | 100,000 | 111,788 |
Ventas Realty LP | ||
3.50%, 02/01/25(a) | 50,000 | 52,283 |
4.40%, 01/15/29(a) | 150,000 | 165,328 |
VEREIT Operating Partnership LP | ||
4.63%, 11/01/25(a) | 50,000 | 54,856 |
4.88%, 06/01/26(a) | 50,000 | 55,358 |
3.95%, 08/15/27(a) | 75,000 | 79,060 |
Welltower, Inc. | ||
4.00%, 06/01/25(a) | 100,000 | 107,982 |
4.25%, 04/01/26(a) | 100,000 | 109,190 |
4.13%, 03/15/29(a) | 100,000 | 109,424 |
WP Carey, Inc. | ||
3.85%, 07/15/29(a) | 100,000 | 105,773 |
5,453,513 | ||
39,278,913 | ||
Industrial 58.0% | ||
Basic Industry 2.8% | ||
Albemarle Wodgina Pty Ltd. | ||
3.45%, 11/15/29(a)(c) | 50,000 | 50,192 |
ArcelorMittal S.A. | ||
6.13%, 06/01/25 | 75,000 | 86,337 |
4.25%, 07/16/29 | 50,000 | 52,366 |
Cabot Corp. | ||
4.00%, 07/01/29(a) | 50,000 | 52,497 |
Dow Chemical Co. | ||
4.55%, 11/30/25(a) | 75,000 | 82,778 |
3.63%, 05/15/26(a) | 25,000 | 26,326 |
4.80%, 11/30/28(a) | 50,000 | 57,336 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25(a) | 100,000 | 110,321 |
4.73%, 11/15/28(a) | 150,000 | 170,437 |
Eastman Chemical Co. | ||
3.80%, 03/15/25(a) | 75,000 | 79,222 |
4.50%, 12/01/28(a) | 25,000 | 27,807 |
Ecolab, Inc. | ||
2.70%, 11/01/26(a) | 75,000 | 77,150 |
Fibria Overseas Finance Ltd. | ||
4.00%, 01/14/25(a) | 25,000 | 25,915 |
FMC Corp. | ||
3.20%, 10/01/26(a) | 50,000 | 51,412 |
Huntsman International LLC | ||
4.50%, 05/01/29(a) | 50,000 | 53,430 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28(a) | 50,000 | 54,795 |
International Paper Co. | ||
3.80%, 01/15/26(a) | 35,000 | 37,393 |
3.00%, 02/15/27(a) | 100,000 | 103,342 |
Kinross Gold Corp. | ||
4.50%, 07/15/27(a) | 25,000 | 26,230 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
LYB International Finance II BV | ||
3.50%, 03/02/27(a) | 75,000 | 78,816 |
Mosaic Co. | ||
4.05%, 11/15/27(a) | 50,000 | 52,172 |
Newmont Goldcorp Corp. | ||
2.80%, 10/01/29(a) | 50,000 | 49,664 |
Nucor Corp. | ||
3.95%, 05/01/28(a) | 50,000 | 54,471 |
Nutrien Ltd. | ||
3.38%, 03/15/25(a) | 25,000 | 25,936 |
4.00%, 12/15/26(a) | 50,000 | 53,412 |
4.20%, 04/01/29(a) | 50,000 | 55,168 |
PPG Industries, Inc. | ||
2.80%, 08/15/29(a) | 75,000 | 75,552 |
Praxair, Inc. | ||
3.20%, 01/30/26(a) | 50,000 | 52,784 |
Rio Tinto Finance USA Ltd. | ||
3.75%, 06/15/25(a) | 75,000 | 80,733 |
7.13%, 07/15/28 | 50,000 | 67,174 |
Rohm & Haas Co. | ||
7.85%, 07/15/29 | 100,000 | 133,764 |
RPM International, Inc. | ||
4.55%, 03/01/29(a) | 50,000 | 54,703 |
Sherwin-Williams Co. | ||
3.45%, 08/01/25(a) | 50,000 | 52,749 |
2.95%, 08/15/29(a) | 125,000 | 126,974 |
Steel Dynamics, Inc. | ||
5.00%, 12/15/26(a) | 50,000 | 53,239 |
Suzano Austria GmbH | ||
6.00%, 01/15/29(a) | 200,000 | 226,439 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 100,000 | 117,361 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26(a) | 50,000 | 51,880 |
Weyerhaeuser Co. | ||
4.00%, 11/15/29(a) | 125,000 | 135,797 |
WRKCo, Inc. | ||
3.75%, 03/15/25(a) | 75,000 | 79,104 |
4.65%, 03/15/26(a) | 75,000 | 83,005 |
3.38%, 09/15/27(a) | 50,000 | 51,344 |
3.90%, 06/01/28(a) | 25,000 | 26,522 |
4.90%, 03/15/29(a) | 50,000 | 56,972 |
3,121,021 | ||
Capital Goods 5.1% | ||
3M Co. | ||
2.00%, 02/14/25(a) | 125,000 | 124,247 |
3.00%, 08/07/25 | 50,000 | 52,569 |
2.88%, 10/15/27(a) | 100,000 | 104,041 |
3.38%, 03/01/29(a) | 75,000 | 79,904 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28(a) | 50,000 | 54,910 |
Allegion PLC | ||
3.50%, 10/01/29(a) | 50,000 | 51,189 |
Avery Dennison Corp. | ||
4.88%, 12/06/28(a) | 30,000 | 34,329 |
Boeing Co. | ||
3.25%, 03/01/28(a) | 25,000 | 26,096 |
3.45%, 11/01/28(a) | 50,000 | 53,161 |
3.20%, 03/01/29(a) | 150,000 | 156,940 |
Caterpillar, Inc. | ||
2.60%, 09/19/29(a) | 100,000 | 100,916 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
CNH Industrial NV | ||
3.85%, 11/15/27(a) | 25,000 | 26,099 |
Deere & Co. | ||
5.38%, 10/16/29 | 50,000 | 62,271 |
Dover Corp. | ||
3.15%, 11/15/25(a) | 50,000 | 52,132 |
Embraer Netherlands Finance BV | ||
5.40%, 02/01/27 | 100,000 | 113,063 |
Fortive Corp. | ||
3.15%, 06/15/26(a) | 70,000 | 71,804 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 06/15/25(a) | 75,000 | 81,069 |
3.25%, 09/15/29(a) | 25,000 | 25,600 |
General Dynamics Corp. | ||
3.50%, 05/15/25(a) | 150,000 | 160,761 |
2.13%, 08/15/26(a) | 75,000 | 74,402 |
General Electric Co. | ||
5.55%, 01/05/26 | 50,000 | 57,032 |
Hexcel Corp. | ||
3.95%, 02/15/27(a) | 50,000 | 52,184 |
Honeywell International, Inc. | ||
2.50%, 11/01/26(a) | 60,000 | 61,088 |
2.70%, 08/15/29(a) | 75,000 | 77,054 |
Hubbell, Inc. | ||
3.50%, 02/15/28(a) | 50,000 | 51,696 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27(a) | 50,000 | 52,571 |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26(a) | 75,000 | 77,329 |
Ingersoll-Rand Luxembourg Finance S.A. | ||
3.50%, 03/21/26(a) | 50,000 | 52,403 |
3.80%, 03/21/29(a) | 90,000 | 97,000 |
John Deere Capital Corp. | ||
2.65%, 06/10/26 | 150,000 | 153,412 |
2.25%, 09/14/26 | 50,000 | 50,059 |
3.05%, 01/06/28 | 50,000 | 52,434 |
Johnson Controls International plc | ||
3.90%, 02/14/26(a) | 50,000 | 53,360 |
L3Harris Technologies, Inc. | ||
3.85%, 12/15/26(a)(c) | 100,000 | 107,307 |
4.40%, 06/15/28(a) | 50,000 | 55,856 |
4.40%, 06/15/28(a)(c) | 75,000 | 83,863 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27(a) | 50,000 | 51,660 |
4.40%, 03/15/29(a) | 50,000 | 54,793 |
Lockheed Martin Corp. | ||
2.90%, 03/01/25(a) | 50,000 | 52,099 |
3.55%, 01/15/26(a) | 100,000 | 107,432 |
Masco Corp. | ||
4.45%, 04/01/25(a) | 85,000 | 92,609 |
4.38%, 04/01/26(a) | 25,000 | 27,030 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25(a) | 150,000 | 154,684 |
3.25%, 01/15/28(a) | 100,000 | 104,410 |
nVent Finance Sarl | ||
4.55%, 04/15/28(a) | 30,000 | 31,232 |
Owens Corning | ||
3.40%, 08/15/26(a) | 100,000 | 101,946 |
Parker-Hannifin Corp. | ||
3.25%, 03/01/27(a) | 50,000 | 52,076 |
3.25%, 06/14/29(a) | 75,000 | 78,282 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Pentair Finance Sarl | ||
4.50%, 07/01/29(a) | 50,000 | 53,003 |
Precision Castparts Corp. | ||
3.25%, 06/15/25(a) | 50,000 | 52,871 |
Raytheon Co. | ||
3.15%, 12/15/24(a) | 50,000 | 52,842 |
Republic Services, Inc. | ||
3.20%, 03/15/25(a) | 100,000 | 104,224 |
2.90%, 07/01/26(a) | 25,000 | 25,623 |
3.95%, 05/15/28(a) | 25,000 | 27,584 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29(a) | 50,000 | 53,915 |
Rockwell Collins, Inc. | ||
3.50%, 03/15/27(a) | 100,000 | 106,473 |
Roper Technologies, Inc. | ||
3.85%, 12/15/25(a) | 50,000 | 54,001 |
4.20%, 09/15/28(a) | 50,000 | 54,917 |
2.95%, 09/15/29(a) | 75,000 | 75,868 |
Spirit AeroSystems, Inc. | ||
3.85%, 06/15/26(a) | 25,000 | 25,673 |
4.60%, 06/15/28(a) | 50,000 | 52,927 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26(a) | 25,000 | 26,406 |
4.25%, 11/15/28(a) | 50,000 | 56,437 |
Textron, Inc. | ||
4.00%, 03/15/26(a) | 50,000 | 53,421 |
3.90%, 09/17/29(a) | 50,000 | 53,504 |
United Technologies Corp. | ||
3.95%, 08/16/25(a) | 150,000 | 163,822 |
3.13%, 05/04/27(a) | 125,000 | 131,184 |
4.13%, 11/16/28(a) | 225,000 | 253,451 |
Vulcan Materials Co. | ||
3.90%, 04/01/27(a) | 50,000 | 52,937 |
Waste Connections, Inc. | ||
4.25%, 12/01/28(a) | 25,000 | 27,954 |
3.50%, 05/01/29(a) | 50,000 | 53,020 |
Waste Management, Inc. | ||
3.20%, 06/15/26(a) | 25,000 | 26,215 |
3.15%, 11/15/27(a) | 120,000 | 125,509 |
3.45%, 06/15/29(a) | 75,000 | 80,220 |
Westinghouse Air Brake Technologies Corp. | ||
3.45%, 11/15/26(a) | 50,000 | 50,628 |
4.95%, 09/15/28(a)(e)(f) | 75,000 | 82,608 |
Xylem, Inc. | ||
3.25%, 11/01/26(a) | 50,000 | 51,796 |
5,577,437 | ||
Communications 7.0% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26(a) | 75,000 | 78,924 |
American Tower Corp. | ||
3.38%, 10/15/26(a) | 150,000 | 156,242 |
3.55%, 07/15/27(a) | 150,000 | 157,693 |
3.60%, 01/15/28(a) | 100,000 | 105,174 |
3.95%, 03/15/29(a) | 50,000 | 53,957 |
3.80%, 08/15/29(a) | 50,000 | 53,511 |
AT&T, Inc. | ||
3.40%, 05/15/25(a) | 300,000 | 314,815 |
3.88%, 01/15/26(a) | 100,000 | 107,150 |
4.13%, 02/17/26(a) | 200,000 | 217,081 |
2.95%, 07/15/26(a) | 150,000 | 153,340 |
3.80%, 02/15/27(a) | 120,000 | 128,633 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.10%, 02/15/28(a) | 175,000 | 190,578 |
4.35%, 03/01/29(a) | 200,000 | 222,441 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25(a) | 275,000 | 303,267 |
3.75%, 02/15/28(a) | 75,000 | 77,927 |
5.05%, 03/30/29(a) | 125,000 | 141,752 |
Comcast Corp. | ||
3.38%, 02/15/25(a) | 75,000 | 79,245 |
3.38%, 08/15/25(a) | 150,000 | 159,274 |
3.95%, 10/15/25(a) | 200,000 | 218,430 |
3.15%, 03/01/26(a) | 75,000 | 78,669 |
2.35%, 01/15/27(a) | 50,000 | 50,008 |
3.30%, 02/01/27(a) | 200,000 | 211,816 |
3.15%, 02/15/28(a) | 125,000 | 131,212 |
3.55%, 05/01/28(a) | 100,000 | 107,852 |
4.15%, 10/15/28(a) | 200,000 | 225,456 |
Crown Castle International Corp. | ||
4.45%, 02/15/26(a) | 100,000 | 109,603 |
3.65%, 09/01/27(a) | 100,000 | 106,010 |
4.30%, 02/15/29(a) | 125,000 | 138,716 |
Discovery Communications LLC | ||
4.90%, 03/11/26(a) | 100,000 | 112,007 |
4.13%, 05/15/29(a) | 150,000 | 162,214 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26(a) | 50,000 | 56,333 |
Fox Corp. | ||
4.71%, 01/25/29(a)(c) | 125,000 | 142,734 |
Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28(a) | 75,000 | 84,568 |
Moody's Corp. | ||
3.25%, 01/15/28(a) | 50,000 | 52,483 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.60%, 04/15/26(a) | 125,000 | 132,326 |
RELX Capital, Inc. | ||
4.00%, 03/18/29(a) | 75,000 | 81,734 |
Rogers Communications, Inc. | ||
3.63%, 12/15/25(a) | 125,000 | 133,412 |
S&P Global, Inc. | ||
4.00%, 06/15/25(a) | 95,000 | 103,409 |
4.40%, 02/15/26(a) | 100,000 | 111,186 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 150,000 | 162,538 |
TELUS Corp. | ||
3.70%, 09/15/27(a) | 75,000 | 79,673 |
TWDC Enterprises 18 Corp. | ||
3.00%, 02/13/26 | 150,000 | 158,116 |
Verizon Communications, Inc. | ||
3.38%, 02/15/25 | 275,000 | 291,320 |
2.63%, 08/15/26 | 100,000 | 101,740 |
4.13%, 03/16/27 | 150,000 | 166,641 |
4.33%, 09/21/28 | 235,000 | 267,047 |
3.88%, 02/08/29(a) | 175,000 | 193,435 |
4.02%, 12/03/29(a) | 150,000 | 167,824 |
ViacomCBS, Inc. | ||
2.90%, 01/15/27(a) | 225,000 | 225,618 |
3.70%, 06/01/28(a) | 25,000 | 26,248 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 150,000 | 162,988 |
4.38%, 05/30/28 | 125,000 | 138,666 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Walt Disney Co. | ||
3.38%, 11/15/26(a) | 150,000 | 160,917 |
2.00%, 09/01/29(a) | 125,000 | 121,542 |
7,675,495 | ||
Consumer Cyclical 6.9% | ||
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24(a) | 250,000 | 263,037 |
Amazon.com, Inc. | ||
3.80%, 12/05/24(a) | 75,000 | 81,178 |
5.20%, 12/03/25(a) | 75,000 | 87,601 |
3.15%, 08/22/27(a) | 200,000 | 212,029 |
American Honda Finance Corp. | ||
3.50%, 02/15/28 | 70,000 | 75,628 |
Aptiv PLC | ||
4.35%, 03/15/29(a) | 75,000 | 81,548 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25(a) | 75,000 | 80,054 |
AutoNation, Inc. | ||
4.50%, 10/01/25(a) | 25,000 | 26,996 |
3.80%, 11/15/27(a) | 50,000 | 50,714 |
AutoZone, Inc. | ||
3.75%, 04/18/29(a) | 75,000 | 80,598 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28(a) | 50,000 | 54,910 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25(a) | 50,000 | 53,494 |
3.60%, 06/01/26(a) | 75,000 | 80,248 |
3.55%, 03/15/28(a) | 25,000 | 26,697 |
BorgWarner, Inc. | ||
3.38%, 03/15/25(a) | 50,000 | 52,449 |
Costco Wholesale Corp. | ||
3.00%, 05/18/27(a) | 75,000 | 79,247 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27(a) | 50,000 | 52,535 |
Dollar General Corp. | ||
4.15%, 11/01/25(a) | 50,000 | 54,529 |
3.88%, 04/15/27(a) | 50,000 | 53,735 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25(a) | 125,000 | 133,844 |
4.20%, 05/15/28(a) | 75,000 | 80,660 |
eBay, Inc. | ||
3.60%, 06/05/27(a) | 75,000 | 78,621 |
Expedia Group, Inc. | ||
3.80%, 02/15/28(a) | 50,000 | 51,089 |
Ford Motor Co. | ||
6.63%, 10/01/28 | 125,000 | 138,876 |
Ford Motor Credit Co. LLC | ||
4.69%, 06/09/25(a) | 200,000 | 208,235 |
4.54%, 08/01/26(a) | 200,000 | 204,676 |
General Motors Co. | ||
5.00%, 10/01/28(a) | 100,000 | 108,992 |
General Motors Financial Co., Inc. | ||
4.35%, 04/09/25(a) | 50,000 | 53,449 |
4.30%, 07/13/25(a) | 100,000 | 106,835 |
5.25%, 03/01/26(a) | 100,000 | 111,009 |
4.00%, 10/06/26(a) | 50,000 | 52,306 |
4.35%, 01/17/27(a) | 150,000 | 157,311 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.25%, 06/01/25(a) | 50,000 | 55,054 |
5.75%, 06/01/28(a) | 30,000 | 34,131 |
5.30%, 01/15/29(a) | 134,000 | 149,212 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25(a) | 50,000 | 52,370 |
Home Depot, Inc. | ||
3.35%, 09/15/25(a) | 130,000 | 139,082 |
2.80%, 09/14/27(a) | 155,000 | 161,222 |
3.90%, 12/06/28(a) | 50,000 | 56,150 |
2.95%, 06/15/29(a) | 50,000 | 52,136 |
Hyatt Hotels Corp. | ||
4.85%, 03/15/26(a) | 50,000 | 55,499 |
IHS Markit Ltd. | ||
4.75%, 08/01/28(a) | 100,000 | 111,646 |
Kohl's Corp. | ||
4.25%, 07/17/25(a) | 50,000 | 53,189 |
Las Vegas Sands Corp. | ||
3.50%, 08/18/26(a) | 50,000 | 51,771 |
3.90%, 08/08/29(a) | 50,000 | 52,398 |
Lear Corp. | ||
3.80%, 09/15/27(a) | 100,000 | 101,786 |
4.25%, 05/15/29(a) | 25,000 | 25,905 |
Lowe's Cos., Inc. | ||
2.50%, 04/15/26(a) | 175,000 | 176,214 |
3.10%, 05/03/27(a) | 75,000 | 77,676 |
3.65%, 04/05/29(a) | 75,000 | 80,223 |
Marriott International, Inc. | ||
4.65%, 12/01/28(a) | 100,000 | 113,222 |
Mastercard, Inc. | ||
2.00%, 03/03/25(a) | 50,000 | 49,917 |
3.50%, 02/26/28(a) | 50,000 | 54,139 |
2.95%, 06/01/29(a) | 125,000 | 130,638 |
McDonald's Corp. | ||
3.70%, 01/30/26(a) | 100,000 | 107,577 |
3.50%, 03/01/27(a) | 125,000 | 133,484 |
2.63%, 09/01/29(a) | 100,000 | 100,261 |
Nordstrom, Inc. | ||
6.95%, 03/15/28 | 25,000 | 29,867 |
O'Reilly Automotive, Inc. | ||
4.35%, 06/01/28(a) | 100,000 | 111,585 |
3.90%, 06/01/29(a) | 50,000 | 54,720 |
QVC, Inc. | ||
4.45%, 02/15/25(a) | 50,000 | 51,762 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25(a) | 25,000 | 26,992 |
Royal Caribbean Cruises Ltd. | ||
7.50%, 10/15/27 | 50,000 | 63,612 |
Sands China Ltd. | ||
5.13%, 08/08/25(a) | 200,000 | 220,417 |
Starbucks Corp. | ||
3.80%, 08/15/25(a) | 50,000 | 54,024 |
2.45%, 06/15/26(a) | 75,000 | 76,071 |
3.50%, 03/01/28(a) | 50,000 | 53,693 |
3.55%, 08/15/29(a) | 100,000 | 108,594 |
Tapestry, Inc. | ||
4.25%, 04/01/25(a) | 60,000 | 63,482 |
Target Corp. | ||
3.38%, 04/15/29(a) | 100,000 | 108,867 |
TJX Cos., Inc. | ||
2.25%, 09/15/26(a) | 60,000 | 60,342 |
Toyota Motor Credit Corp. | ||
3.40%, 04/14/25 | 50,000 | 53,309 |
3.20%, 01/11/27 | 50,000 | 52,994 |
3.05%, 01/11/28 | 100,000 | 105,663 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Visa, Inc. | ||
3.15%, 12/14/25(a) | 100,000 | 105,891 |
2.75%, 09/15/27(a) | 200,000 | 208,852 |
Walgreens Boots Alliance, Inc. | ||
3.45%, 06/01/26(a) | 225,000 | 229,047 |
Walmart, Inc. | ||
2.65%, 12/15/24(a) | 75,000 | 77,510 |
3.55%, 06/26/25(a) | 100,000 | 107,431 |
3.05%, 07/08/26(a) | 100,000 | 105,357 |
3.70%, 06/26/28(a) | 150,000 | 165,460 |
3.25%, 07/08/29(a) | 100,000 | 107,615 |
7,611,189 | ||
Consumer Non-Cyclical 15.9% | ||
Abbott Laboratories | ||
2.95%, 03/15/25(a) | 100,000 | 103,956 |
3.88%, 09/15/25(a) | 100,000 | 108,999 |
AbbVie, Inc. | ||
3.60%, 05/14/25(a) | 250,000 | 264,216 |
3.20%, 05/14/26(a) | 125,000 | 129,581 |
2.95%, 11/21/26(a)(c) | 200,000 | 203,550 |
4.25%, 11/14/28(a) | 100,000 | 110,965 |
3.20%, 11/21/29(a)(c) | 400,000 | 408,402 |
Actavis Funding SCS | ||
3.80%, 03/15/25(a) | 150,000 | 157,723 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29(a) | 50,000 | 49,808 |
Altria Group, Inc. | ||
4.40%, 02/14/26(a) | 100,000 | 108,680 |
2.63%, 09/16/26(a) | 75,000 | 74,270 |
4.80%, 02/14/29(a) | 225,000 | 250,770 |
AmerisourceBergen Corp. | ||
3.45%, 12/15/27(a) | 150,000 | 156,625 |
Amgen, Inc. | ||
3.13%, 05/01/25(a) | 50,000 | 52,239 |
2.60%, 08/19/26(a) | 50,000 | 50,710 |
3.20%, 11/02/27(a) | 125,000 | 131,778 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26(a) | 250,000 | 267,110 |
Anheuser-Busch InBev Finance, Inc. | ||
3.65%, 02/01/26(a) | 35,000 | 37,290 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.15%, 01/23/25(a) | 150,000 | 163,435 |
4.00%, 04/13/28(a) | 200,000 | 220,210 |
4.75%, 01/23/29(a) | 225,000 | 261,393 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26(a) | 75,000 | 76,373 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 150,000 | 159,718 |
4.00%, 01/17/29(a) | 100,000 | 111,184 |
BAT Capital Corp. | ||
3.56%, 08/15/27(a) | 200,000 | 204,506 |
3.46%, 09/06/29(a) | 50,000 | 50,690 |
Baxalta, Inc. | ||
4.00%, 06/23/25(a) | 105,000 | 113,340 |
Baxter International, Inc. | ||
2.60%, 08/15/26(a) | 100,000 | 100,894 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27(a) | 150,000 | 159,877 |
Biogen, Inc. | ||
4.05%, 09/15/25(a) | 100,000 | 108,891 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Boston Scientific Corp. | ||
3.75%, 03/01/26(a) | 25,000 | 26,849 |
4.00%, 03/01/29(a) | 150,000 | 166,250 |
Bristol-Myers Squibb Co. | ||
3.88%, 08/15/25(a)(c) | 75,000 | 81,208 |
3.20%, 06/15/26(a)(c) | 250,000 | 262,839 |
3.25%, 02/27/27 | 100,000 | 107,096 |
3.45%, 11/15/27(a)(c) | 100,000 | 106,752 |
3.40%, 07/26/29(a)(c) | 250,000 | 268,049 |
Bunge Ltd. Finance Corp. | ||
3.25%, 08/15/26(a) | 100,000 | 100,068 |
Campbell Soup Co. | ||
3.95%, 03/15/25(a) | 75,000 | 80,076 |
4.15%, 03/15/28(a) | 75,000 | 81,471 |
Cardinal Health, Inc. | ||
3.75%, 09/15/25(a) | 50,000 | 53,261 |
3.41%, 06/15/27(a) | 100,000 | 102,455 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27(a) | 25,000 | 25,952 |
Cigna Corp. | ||
4.13%, 11/15/25(a) | 200,000 | 217,274 |
3.40%, 03/01/27(a)(c) | 100,000 | 103,979 |
3.05%, 10/15/27(a)(c) | 125,000 | 126,759 |
4.38%, 10/15/28(a) | 225,000 | 249,999 |
Clorox Co. | ||
3.90%, 05/15/28(a) | 50,000 | 55,314 |
Coca-Cola Co. | ||
2.88%, 10/27/25 | 120,000 | 125,672 |
2.55%, 06/01/26 | 75,000 | 76,925 |
2.13%, 09/06/29 | 125,000 | 122,152 |
CommonSpirit Health | ||
3.35%, 10/01/29(a) | 50,000 | 50,548 |
Conagra Brands, Inc. | ||
4.60%, 11/01/25(a) | 50,000 | 55,283 |
4.85%, 11/01/28(a) | 100,000 | 114,736 |
Constellation Brands, Inc. | ||
4.75%, 12/01/25 | 100,000 | 111,667 |
3.70%, 12/06/26(a) | 75,000 | 79,739 |
4.65%, 11/15/28(a) | 75,000 | 84,471 |
CVS Health Corp. | ||
4.10%, 03/25/25(a) | 200,000 | 215,218 |
3.88%, 07/20/25(a) | 225,000 | 240,164 |
2.88%, 06/01/26(a) | 100,000 | 101,552 |
3.00%, 08/15/26(a) | 100,000 | 102,193 |
4.30%, 03/25/28(a) | 525,000 | 574,668 |
3.25%, 08/15/29(a) | 150,000 | 153,228 |
Danaher Corp. | ||
3.35%, 09/15/25(a) | 150,000 | 159,700 |
Diageo Capital PLC | ||
3.88%, 05/18/28(a) | 200,000 | 220,314 |
Eli Lilly & Co. | ||
2.75%, 06/01/25(a) | 100,000 | 103,187 |
3.38%, 03/15/29(a) | 100,000 | 108,053 |
General Mills, Inc. | ||
4.00%, 04/17/25(a) | 75,000 | 81,176 |
4.20%, 04/17/28(a) | 100,000 | 111,560 |
Gilead Sciences, Inc. | ||
3.50%, 02/01/25(a) | 50,000 | 53,107 |
3.65%, 03/01/26(a) | 200,000 | 215,462 |
2.95%, 03/01/27(a) | 150,000 | 156,079 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29(a) | 50,000 | 53,711 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 50,000 | 53,639 |
3.88%, 05/15/28 | 125,000 | 138,296 |
Hasbro, Inc. | ||
3.55%, 11/19/26(a) | 50,000 | 50,417 |
3.50%, 09/15/27(a) | 30,000 | 30,358 |
3.90%, 11/19/29(a) | 50,000 | 50,454 |
HCA, Inc. | ||
5.25%, 04/15/25 | 75,000 | 84,108 |
5.25%, 06/15/26(a) | 150,000 | 168,288 |
4.13%, 06/15/29(a) | 100,000 | 106,292 |
Hershey Co. | ||
2.45%, 11/15/29(a) | 75,000 | 75,563 |
JM Smucker Co. | ||
3.50%, 03/15/25 | 100,000 | 105,431 |
Johnson & Johnson | ||
2.45%, 03/01/26(a) | 200,000 | 203,674 |
2.95%, 03/03/27(a) | 150,000 | 157,429 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27(a) | 50,000 | 52,277 |
Kellogg Co. | ||
3.40%, 11/15/27(a) | 100,000 | 104,917 |
4.30%, 05/15/28(a) | 25,000 | 27,814 |
Keurig Dr Pepper, Inc. | ||
4.42%, 05/25/25(a) | 150,000 | 164,068 |
4.60%, 05/25/28(a) | 125,000 | 140,925 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 100,000 | 103,259 |
Kraft Heinz Foods Co. | ||
3.95%, 07/15/25(a) | 175,000 | 184,836 |
3.00%, 06/01/26(a) | 150,000 | 149,984 |
Kroger Co. | ||
3.50%, 02/01/26(a) | 25,000 | 26,319 |
2.65%, 10/15/26(a) | 100,000 | 100,584 |
4.50%, 01/15/29(a) | 50,000 | 56,329 |
Laboratory Corp. of America Holdings | ||
3.60%, 02/01/25(a) | 150,000 | 158,272 |
McCormick & Co., Inc. | ||
3.40%, 08/15/27(a) | 50,000 | 52,271 |
McKesson Corp. | ||
3.95%, 02/16/28(a) | 100,000 | 106,774 |
4.75%, 05/30/29(a) | 50,000 | 56,088 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25(a) | 50,000 | 54,994 |
Medtronic, Inc. | ||
3.50%, 03/15/25 | 200,000 | 214,365 |
Merck & Co., Inc. | ||
2.75%, 02/10/25(a) | 225,000 | 233,453 |
3.40%, 03/07/29(a) | 100,000 | 108,495 |
Molson Coors Brewing Co. | ||
3.00%, 07/15/26(a) | 125,000 | 126,536 |
Mondelez International, Inc. | ||
3.63%, 02/13/26(a) | 100,000 | 106,862 |
Mylan N.V. | ||
3.95%, 06/15/26(a) | 100,000 | 104,093 |
Mylan, Inc. | ||
4.55%, 04/15/28(a) | 100,000 | 107,711 |
Novartis Capital Corp. | ||
3.10%, 05/17/27(a) | 175,000 | 185,437 |
PepsiCo, Inc. | ||
2.75%, 04/30/25(a) | 100,000 | 103,707 |
2.85%, 02/24/26(a) | 50,000 | 52,128 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.00%, 10/15/27(a) | 200,000 | 212,226 |
2.63%, 07/29/29(a) | 75,000 | 76,747 |
PerkinElmer, Inc. | ||
3.30%, 09/15/29(a) | 50,000 | 51,394 |
Pfizer, Inc. | ||
3.60%, 09/15/28(a) | 250,000 | 274,060 |
3.45%, 03/15/29(a) | 175,000 | 188,555 |
Philip Morris International, Inc. | ||
3.38%, 08/11/25(a) | 100,000 | 105,689 |
3.13%, 03/02/28(a) | 100,000 | 103,079 |
Procter & Gamble Co. | ||
2.70%, 02/02/26 | 150,000 | 156,400 |
2.45%, 11/03/26 | 25,000 | 25,813 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29(a) | 50,000 | 49,205 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25(a) | 50,000 | 52,769 |
3.45%, 06/01/26(a) | 50,000 | 52,725 |
Reynolds American, Inc. | ||
4.45%, 06/12/25(a) | 175,000 | 188,561 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26(a) | 300,000 | 309,370 |
Stryker Corp. | ||
3.65%, 03/07/28(a) | 125,000 | 134,715 |
Sysco Corp. | ||
3.75%, 10/01/25(a) | 25,000 | 26,896 |
3.25%, 07/15/27(a) | 150,000 | 157,212 |
Thermo Fisher Scientific, Inc. | ||
2.95%, 09/19/26(a) | 100,000 | 103,079 |
2.60%, 10/01/29(a) | 100,000 | 99,258 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26(a) | 200,000 | 216,876 |
Unilever Capital Corp. | ||
2.00%, 07/28/26 | 150,000 | 149,299 |
2.90%, 05/05/27(a) | 150,000 | 157,096 |
Whirlpool Corp. | ||
4.75%, 02/26/29(a) | 100,000 | 111,779 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25(a) | 150,000 | 158,363 |
Zoetis, Inc. | ||
4.50%, 11/13/25(a) | 50,000 | 55,441 |
3.90%, 08/20/28(a) | 75,000 | 81,441 |
17,487,894 | ||
Energy 8.9% | ||
Apache Corp. | ||
4.38%, 10/15/28(a) | 75,000 | 78,556 |
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27(a) | 150,000 | 156,673 |
Boardwalk Pipelines LP | ||
4.45%, 07/15/27(a) | 75,000 | 77,649 |
4.80%, 05/03/29(a) | 50,000 | 53,353 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25(a) | 100,000 | 108,341 |
3.12%, 05/04/26(a) | 125,000 | 130,549 |
3.02%, 01/16/27(a) | 100,000 | 103,663 |
3.59%, 04/14/27(a) | 42,000 | 45,008 |
3.94%, 09/21/28(a) | 100,000 | 110,636 |
4.23%, 11/06/28(a) | 150,000 | 170,139 |
BP Capital Markets PLC | ||
3.72%, 11/28/28(a) | 50,000 | 54,728 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Canadian Natural Resources Ltd. | ||
3.90%, 02/01/25(a) | 100,000 | 106,891 |
3.85%, 06/01/27(a) | 25,000 | 26,681 |
Cenovus Energy, Inc. | ||
4.25%, 04/15/27(a) | 75,000 | 79,482 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25(a) | 100,000 | 112,699 |
5.13%, 06/30/27(a) | 100,000 | 110,881 |
3.70%, 11/15/29(a)(c) | 75,000 | 76,774 |
Chevron Corp. | ||
3.33%, 11/17/25(a) | 50,000 | 53,571 |
2.95%, 05/16/26(a) | 175,000 | 183,088 |
Cimarex Energy Co. | ||
3.90%, 05/15/27(a) | 50,000 | 51,925 |
4.38%, 03/15/29(a) | 25,000 | 26,478 |
Concho Resources, Inc. | ||
4.30%, 08/15/28(a) | 125,000 | 136,388 |
ConocoPhillips Co. | ||
4.95%, 03/15/26(a) | 150,000 | 172,672 |
ConocoPhillips Holding Co. | ||
6.95%, 04/15/29 | 75,000 | 102,223 |
Continental Resources, Inc. | ||
4.38%, 01/15/28(a) | 50,000 | 53,253 |
Devon Energy Corp. | ||
5.85%, 12/15/25(a) | 50,000 | 59,360 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26(a) | 100,000 | 101,210 |
3.50%, 12/01/29(a) | 50,000 | 50,975 |
Dominion Energy Gas Holdings LLC | ||
3.00%, 11/15/29(a) | 50,000 | 49,925 |
Enable Midstream Partners LP | ||
4.40%, 03/15/27(a) | 100,000 | 99,906 |
4.95%, 05/15/28(a) | 50,000 | 50,775 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25(a) | 100,000 | 116,899 |
Enbridge, Inc. | ||
4.25%, 12/01/26(a) | 50,000 | 55,254 |
3.13%, 11/15/29(a) | 100,000 | 101,466 |
Energy Transfer Operating LP | ||
4.05%, 03/15/25(a) | 50,000 | 52,662 |
4.75%, 01/15/26(a) | 75,000 | 81,153 |
5.50%, 06/01/27(a) | 50,000 | 56,329 |
4.95%, 06/15/28(a) | 75,000 | 82,383 |
5.25%, 04/15/29(a) | 125,000 | 140,795 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 50,000 | 64,273 |
Enterprise Products Operating LLC | ||
3.75%, 02/15/25(a) | 100,000 | 106,713 |
3.70%, 02/15/26(a) | 125,000 | 133,296 |
4.15%, 10/16/28(a) | 75,000 | 83,098 |
3.13%, 07/31/29(a) | 75,000 | 77,333 |
5.25%, 08/16/77(a)(b) | 50,000 | 50,417 |
EOG Resources, Inc. | ||
3.15%, 04/01/25(a) | 25,000 | 26,288 |
4.15%, 01/15/26(a) | 50,000 | 55,156 |
EQM Midstream Partners LP | ||
5.50%, 07/15/28(a) | 75,000 | 73,826 |
EQT Corp. | ||
3.90%, 10/01/27(a) | 55,000 | 51,250 |
Exxon Mobil Corp. | ||
2.71%, 03/06/25(a) | 200,000 | 206,828 |
2.28%, 08/16/26(a) | 75,000 | 75,402 |
2.44%, 08/16/29(a) | 125,000 | 125,927 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Halliburton Co. | ||
3.80%, 11/15/25(a) | 100,000 | 106,810 |
Helmerich & Payne, Inc. | ||
4.65%, 03/15/25(a) | 50,000 | 54,705 |
Hess Corp. | ||
4.30%, 04/01/27(a) | 50,000 | 53,365 |
7.88%, 10/01/29 | 25,000 | 32,664 |
HollyFrontier Corp. | ||
5.88%, 04/01/26(a) | 50,000 | 56,477 |
Husky Energy, Inc. | ||
4.40%, 04/15/29(a) | 50,000 | 54,050 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25(a) | 100,000 | 108,466 |
4.30%, 03/01/28(a) | 100,000 | 109,129 |
Magellan Midstream Partners LP | ||
5.00%, 03/01/26(a) | 50,000 | 56,515 |
Marathon Oil Corp. | ||
3.85%, 06/01/25(a) | 100,000 | 105,854 |
Marathon Petroleum Corp. | ||
5.13%, 12/15/26(a) | 50,000 | 56,821 |
3.80%, 04/01/28(a) | 50,000 | 52,630 |
MPLX LP | ||
4.00%, 02/15/25(a) | 125,000 | 130,797 |
4.88%, 06/01/25(a) | 75,000 | 81,998 |
4.13%, 03/01/27(a) | 100,000 | 105,000 |
4.25%, 12/01/27(a)(c) | 75,000 | 79,098 |
4.00%, 03/15/28(a) | 75,000 | 77,854 |
National Fuel Gas Co. | ||
3.95%, 09/15/27(a) | 50,000 | 50,946 |
Newfield Exploration Co. | ||
5.38%, 01/01/26(a) | 50,000 | 54,297 |
Noble Energy, Inc. | ||
3.85%, 01/15/28(a) | 50,000 | 52,781 |
3.25%, 10/15/29(a) | 75,000 | 75,932 |
Occidental Petroleum Corp. | ||
3.50%, 06/15/25(a) | 50,000 | 51,610 |
5.55%, 03/15/26(a) | 100,000 | 113,592 |
3.40%, 04/15/26(a) | 50,000 | 51,207 |
3.20%, 08/15/26(a) | 100,000 | 101,291 |
3.50%, 08/15/29(a) | 100,000 | 102,106 |
ONEOK Partners LP | ||
4.90%, 03/15/25(a) | 75,000 | 82,614 |
ONEOK, Inc. | ||
4.55%, 07/15/28(a) | 125,000 | 137,602 |
Patterson-UTI Energy, Inc. | ||
3.95%, 02/01/28(a) | 50,000 | 48,628 |
5.15%, 11/15/29(a) | 25,000 | 25,644 |
Phillips 66 | ||
3.90%, 03/15/28(a) | 50,000 | 54,618 |
Phillips 66 Partners LP | ||
2.45%, 12/15/24(a) | 50,000 | 50,024 |
3.75%, 03/01/28(a) | 100,000 | 104,407 |
Pioneer Natural Resources Co. | ||
4.45%, 01/15/26(a) | 50,000 | 55,014 |
Plains All American Pipeline LP | ||
4.65%, 10/15/25(a) | 75,000 | 80,430 |
4.50%, 12/15/26(a) | 75,000 | 79,945 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25(a) | 200,000 | 225,109 |
5.88%, 06/30/26(a) | 75,000 | 86,283 |
5.00%, 03/15/27(a) | 75,000 | 82,774 |
4.20%, 03/15/28(a) | 75,000 | 79,613 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Shell International Finance BV | ||
3.25%, 05/11/25 | 225,000 | 238,014 |
2.88%, 05/10/26 | 100,000 | 103,732 |
2.50%, 09/12/26 | 75,000 | 75,875 |
3.88%, 11/13/28(a) | 100,000 | 110,965 |
Spectra Energy Partners LP | ||
3.38%, 10/15/26(a) | 50,000 | 51,785 |
Suncor Energy, Inc. | ||
3.60%, 12/01/24(a) | 50,000 | 53,114 |
Sunoco Logistics Partners Operations LP | ||
3.90%, 07/15/26(a) | 50,000 | 51,903 |
4.00%, 10/01/27(a) | 75,000 | 78,006 |
TC PipeLines LP | ||
3.90%, 05/25/27(a) | 50,000 | 52,228 |
Total Capital International S.A. | ||
2.43%, 01/10/25(a) | 95,000 | 96,297 |
3.46%, 02/19/29(a) | 100,000 | 108,444 |
TransCanada PipeLines Ltd. | ||
4.25%, 05/15/28(a) | 200,000 | 222,659 |
Transcanada Trust | ||
5.50%, 09/15/79(a)(b) | 75,000 | 79,135 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26(a) | 75,000 | 95,871 |
4.00%, 03/15/28(a) | 50,000 | 53,257 |
Valero Energy Corp. | ||
3.65%, 03/15/25 | 50,000 | 53,302 |
3.40%, 09/15/26(a) | 50,000 | 52,472 |
4.00%, 04/01/29(a) | 100,000 | 107,906 |
Valero Energy Partners LP | ||
4.38%, 12/15/26(a) | 75,000 | 81,918 |
Western Midstream Operating LP | ||
3.95%, 06/01/25(a) | 100,000 | 101,008 |
Williams Cos., Inc. | ||
4.00%, 09/15/25(a) | 50,000 | 53,033 |
3.75%, 06/15/27(a) | 100,000 | 104,427 |
9,805,251 | ||
Industrial Other 0.3% | ||
Cintas Corp. No 2 | ||
3.70%, 04/01/27(a) | 100,000 | 108,763 |
Fluor Corp. | ||
3.50%, 12/15/24(a) | 125,000 | 127,587 |
Steelcase, Inc. | ||
5.13%, 01/18/29(a) | 50,000 | 56,667 |
293,017 | ||
Technology 9.0% | ||
Adobe, Inc. | ||
3.25%, 02/01/25(a) | 100,000 | 105,778 |
Alphabet, Inc. | ||
2.00%, 08/15/26(a) | 125,000 | 124,612 |
Amphenol Corp. | ||
4.35%, 06/01/29(a) | 25,000 | 28,063 |
Analog Devices, Inc. | ||
3.90%, 12/15/25(a) | 50,000 | 53,828 |
3.50%, 12/05/26(a) | 50,000 | 52,635 |
Apple, Inc. | ||
2.75%, 01/13/25(a) | 125,000 | 129,281 |
3.20%, 05/13/25 | 150,000 | 158,665 |
3.25%, 02/23/26(a) | 100,000 | 105,946 |
2.45%, 08/04/26(a) | 150,000 | 152,376 |
2.05%, 09/11/26(a) | 100,000 | 99,122 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.35%, 02/09/27(a) | 250,000 | 266,906 |
3.20%, 05/11/27(a) | 50,000 | 52,984 |
2.90%, 09/12/27(a) | 200,000 | 208,523 |
3.00%, 11/13/27(a) | 150,000 | 157,631 |
2.20%, 09/11/29(a) | 175,000 | 172,213 |
Applied Materials, Inc. | ||
3.30%, 04/01/27(a) | 100,000 | 106,283 |
Arrow Electronics, Inc. | ||
4.00%, 04/01/25(a) | 50,000 | 52,509 |
Autodesk, Inc. | ||
4.38%, 06/15/25(a) | 50,000 | 54,519 |
Avnet, Inc. | ||
4.63%, 04/15/26(a) | 50,000 | 53,360 |
Baidu, Inc. | ||
4.13%, 06/30/25 | 200,000 | 213,169 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.13%, 01/15/25(a) | 250,000 | 253,705 |
3.88%, 01/15/27(a) | 100,000 | 103,978 |
3.50%, 01/15/28(a) | 275,000 | 277,757 |
Broadcom, Inc. | ||
4.25%, 04/15/26(a)(c) | 75,000 | 79,943 |
4.75%, 04/15/29(a)(c) | 100,000 | 109,499 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26(a) | 50,000 | 52,291 |
Cisco Systems, Inc. | ||
2.50%, 09/20/26(a) | 175,000 | 179,006 |
Citrix Systems, Inc. | ||
4.50%, 12/01/27(a) | 50,000 | 54,307 |
Dell International LLC/EMC Corp. | ||
6.02%, 06/15/26(a)(c) | 275,000 | 317,641 |
4.90%, 10/01/26(a)(c) | 100,000 | 110,170 |
5.30%, 10/01/29(a)(c) | 100,000 | 112,749 |
DXC Technology Co. | ||
4.75%, 04/15/27(a) | 50,000 | 53,921 |
Equifax, Inc. | ||
2.60%, 12/01/24(a) | 50,000 | 50,309 |
Equinix, Inc. | ||
2.90%, 11/18/26(a) | 100,000 | 100,407 |
5.38%, 05/15/27(a) | 100,000 | 108,733 |
3.20%, 11/18/29(a) | 50,000 | 50,291 |
Fidelity National Information Services, Inc. | ||
4.25%, 05/15/28(a) | 125,000 | 140,077 |
Fiserv, Inc. | ||
3.85%, 06/01/25(a) | 125,000 | 133,762 |
3.20%, 07/01/26(a) | 100,000 | 103,954 |
3.50%, 07/01/29(a) | 225,000 | 237,169 |
Flex Ltd. | ||
4.88%, 06/15/29(a) | 50,000 | 54,193 |
Global Payments, Inc. | ||
2.65%, 02/15/25(a) | 150,000 | 151,010 |
3.20%, 08/15/29(a) | 100,000 | 102,110 |
Hewlett Packard Enterprise Co. | ||
4.90%, 10/15/25(a) | 150,000 | 166,922 |
Intel Corp. | ||
3.70%, 07/29/25(a) | 250,000 | 270,645 |
3.15%, 05/11/27(a) | 50,000 | 53,046 |
2.45%, 11/15/29(a) | 75,000 | 74,994 |
International Business Machines Corp. | ||
3.45%, 02/19/26 | 250,000 | 266,464 |
3.30%, 05/15/26 | 200,000 | 211,095 |
3.50%, 05/15/29 | 200,000 | 215,183 |
Jabil, Inc. | ||
3.95%, 01/12/28(a) | 50,000 | 51,352 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Juniper Networks, Inc. | ||
3.75%, 08/15/29(a) | 50,000 | 52,142 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27(a) | 50,000 | 55,675 |
3.00%, 10/30/29(a) | 25,000 | 25,176 |
KLA Corp. | ||
4.10%, 03/15/29(a) | 100,000 | 109,525 |
Lam Research Corp. | ||
3.80%, 03/15/25(a) | 25,000 | 26,794 |
3.75%, 03/15/26(a) | 50,000 | 53,798 |
4.00%, 03/15/29(a) | 50,000 | 55,154 |
Micron Technology, Inc. | ||
5.33%, 02/06/29(a) | 100,000 | 114,911 |
Microsoft Corp. | ||
2.70%, 02/12/25(a) | 50,000 | 51,765 |
3.13%, 11/03/25(a) | 50,000 | 52,913 |
2.40%, 08/08/26(a) | 325,000 | 329,381 |
3.30%, 02/06/27(a) | 400,000 | 428,332 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28(a) | 100,000 | 108,599 |
NVIDIA Corp. | ||
3.20%, 09/16/26(a) | 75,000 | 78,822 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
3.88%, 06/18/26(a)(c) | 175,000 | 185,708 |
Oracle Corp. | ||
2.95%, 05/15/25(a) | 50,000 | 52,118 |
2.65%, 07/15/26(a) | 475,000 | 486,566 |
3.25%, 11/15/27(a) | 50,000 | 53,035 |
PayPal Holdings, Inc. | ||
2.65%, 10/01/26(a) | 50,000 | 50,738 |
2.85%, 10/01/29(a) | 125,000 | 126,229 |
QUALCOMM, Inc. | ||
3.25%, 05/20/27(a) | 225,000 | 237,006 |
salesforce.com, Inc. | ||
3.70%, 04/11/28(a) | 50,000 | 55,005 |
Seagate HDD Cayman | ||
4.75%, 01/01/25 | 50,000 | 53,371 |
4.88%, 06/01/27(a) | 100,000 | 106,279 |
Texas Instruments, Inc. | ||
2.25%, 09/04/29(a) | 75,000 | 74,121 |
Trimble, Inc. | ||
4.75%, 12/01/24(a) | 75,000 | 81,467 |
Tyco Electronics Group S.A. | ||
3.13%, 08/15/27(a) | 50,000 | 51,629 |
Verisk Analytics, Inc. | ||
4.13%, 03/15/29(a) | 100,000 | 109,977 |
VMware, Inc. | ||
3.90%, 08/21/27(a) | 75,000 | 78,548 |
9,939,870 | ||
Transportation 2.1% | ||
American Airlines 2014-1 Class A Pass Through Trust | ||
3.70%, 10/01/26 | 72,653 | 76,454 |
American Airlines 2015-1 Class A Pass Through Trust | ||
3.38%, 05/01/27 | 77,751 | 80,718 |
American Airlines 2016-2 Class AA Pass Through Trust | ||
3.20%, 06/15/28 | 42,725 | 43,952 |
American Airlines 2017-1 Class AA Pass Through Trust | ||
3.65%, 02/15/29 | 87,625 | 92,481 |
Burlington Northern Santa Fe LLC | ||
3.00%, 04/01/25(a) | 100,000 | 104,391 |
3.25%, 06/15/27(a) | 50,000 | 53,542 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Canadian National Railway Co. | ||
6.90%, 07/15/28 | 35,000 | 46,560 |
Canadian Pacific Railway Co. | ||
2.90%, 02/01/25(a) | 125,000 | 128,557 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28(a) | 30,000 | 32,977 |
CSX Corp. | ||
3.80%, 03/01/28(a) | 200,000 | 218,179 |
4.25%, 03/15/29(a) | 50,000 | 56,402 |
Delta Air Lines, Inc. | ||
4.38%, 04/19/28(a) | 80,000 | 84,517 |
3.75%, 10/28/29(a) | 50,000 | 49,928 |
FedEx Corp. | ||
3.40%, 02/15/28(a) | 100,000 | 102,199 |
4.20%, 10/17/28(a) | 75,000 | 81,390 |
3.10%, 08/05/29(a) | 50,000 | 50,110 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26(a) | 100,000 | 107,570 |
Kansas City Southern | ||
2.88%, 11/15/29(a) | 50,000 | 50,012 |
Kirby Corp. | ||
4.20%, 03/01/28(a) | 30,000 | 31,799 |
Norfolk Southern Corp. | ||
3.65%, 08/01/25(a) | 75,000 | 80,239 |
3.15%, 06/01/27(a) | 100,000 | 104,545 |
Union Pacific Corp. | ||
3.75%, 07/15/25(a) | 100,000 | 107,385 |
2.75%, 03/01/26(a) | 100,000 | 102,258 |
3.70%, 03/01/29(a) | 150,000 | 163,717 |
United Airlines 2014-1 Class A Pass Through Trust | ||
4.00%, 04/11/26 | 93,874 | 99,577 |
United Airlines 2014-2 Class A Pass Through Trust | ||
3.75%, 09/03/26 | 38,680 | 40,677 |
United Parcel Service, Inc. | ||
2.40%, 11/15/26(a) | 75,000 | 75,807 |
3.40%, 03/15/29(a) | 75,000 | 80,639 |
2,346,582 | ||
63,857,756 | ||
Utility 5.2% | ||
Electric 4.6% | ||
Ameren Illinois Co. | ||
3.25%, 03/01/25(a) | 50,000 | 52,490 |
American Electric Power Co., Inc. | ||
4.30%, 12/01/28(a) | 150,000 | 167,056 |
Appalachian Power Co. | ||
3.30%, 06/01/27(a) | 75,000 | 78,149 |
Arizona Public Service Co. | ||
2.60%, 08/15/29(a) | 50,000 | 50,089 |
Avangrid, Inc. | ||
3.80%, 06/01/29(a) | 50,000 | 53,138 |
Berkshire Hathaway Energy Co. | ||
3.25%, 04/15/28(a) | 100,000 | 105,911 |
Black Hills Corp. | ||
3.95%, 01/15/26(a) | 75,000 | 79,520 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26(a) | 75,000 | 74,877 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26(a) | 75,000 | 77,658 |
CMS Energy Corp. | ||
3.00%, 05/15/26(a) | 50,000 | 51,132 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Commonwealth Edison Co. | ||
2.55%, 06/15/26(a) | 50,000 | 50,709 |
Connecticut Light & Power Co. | ||
3.20%, 03/15/27(a) | 50,000 | 52,678 |
Consolidated Edison Co. of New York, Inc. | ||
3.13%, 11/15/27(a) | 19,000 | 19,932 |
4.00%, 12/01/28(a) | 33,000 | 36,824 |
Dominion Energy, Inc. | ||
3.90%, 10/01/25(a) | 150,000 | 161,545 |
DTE Energy Co. | ||
3.80%, 03/15/27(a) | 50,000 | 52,906 |
3.40%, 06/15/29(a) | 50,000 | 51,626 |
Duke Energy Carolinas LLC | ||
2.45%, 08/15/29(a) | 100,000 | 99,743 |
Duke Energy Corp. | ||
2.65%, 09/01/26(a) | 125,000 | 125,886 |
3.15%, 08/15/27(a) | 50,000 | 51,674 |
3.40%, 06/15/29(a) | 50,000 | 52,409 |
Duke Energy Florida LLC | ||
3.80%, 07/15/28(a) | 150,000 | 164,671 |
Duke Energy Progress LLC | ||
3.70%, 09/01/28(a) | 75,000 | 82,045 |
3.45%, 03/15/29(a) | 50,000 | 53,874 |
Edison International | ||
5.75%, 06/15/27(a) | 50,000 | 56,263 |
Emera US Finance LP | ||
3.55%, 06/15/26(a) | 100,000 | 104,147 |
Enel Chile S.A. | ||
4.88%, 06/12/28 | 70,000 | 77,939 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26(a) | 75,000 | 79,477 |
Entergy Louisiana LLC | ||
2.40%, 10/01/26(a) | 50,000 | 49,815 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29(a) | 75,000 | 82,863 |
Evergy, Inc. | ||
2.90%, 09/15/29(a) | 100,000 | 99,716 |
Eversource Energy | ||
3.15%, 01/15/25(a) | 40,000 | 41,302 |
Exelon Corp. | ||
3.95%, 06/15/25(a) | 150,000 | 161,320 |
3.40%, 04/15/26(a) | 75,000 | 78,413 |
FirstEnergy Corp. | ||
3.90%, 07/15/27(a) | 100,000 | 107,151 |
Fortis, Inc. | ||
3.06%, 10/04/26(a) | 50,000 | 51,123 |
Georgia Power Co. | ||
3.25%, 03/30/27(a) | 75,000 | 77,744 |
Interstate Power & Light Co. | ||
3.60%, 04/01/29(a) | 100,000 | 106,680 |
ITC Holdings Corp. | ||
3.25%, 06/30/26(a) | 75,000 | 77,334 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29(a) | 75,000 | 82,187 |
Mississippi Power Co. | ||
3.95%, 03/30/28(a) | 50,000 | 54,635 |
National Rural Utilities Cooperative Finance Corp. | ||
2.85%, 01/27/25(a) | 100,000 | 102,872 |
3.40%, 02/07/28(a) | 50,000 | 53,192 |
3.70%, 03/15/29(a) | 50,000 | 54,609 |
Nevada Power Co. | ||
3.70%, 05/01/29(a) | 50,000 | 54,053 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
NextEra Energy Capital Holdings, Inc. | ||
3.25%, 04/01/26(a) | 75,000 | 78,255 |
3.55%, 05/01/27(a) | 75,000 | 79,741 |
3.50%, 04/01/29(a) | 125,000 | 132,731 |
4.80%, 12/01/77(a)(b) | 50,000 | 51,738 |
NSTAR Electric Co. | ||
3.25%, 05/15/29(a) | 100,000 | 106,256 |
Oncor Electric Delivery Co. LLC | ||
3.70%, 11/15/28(a) | 125,000 | 136,703 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26(a) | 100,000 | 101,942 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28(a) | 100,000 | 109,342 |
Public Service Electric & Gas Co. | ||
2.25%, 09/15/26(a) | 100,000 | 99,500 |
3.65%, 09/01/28(a) | 50,000 | 54,568 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26(a) | 50,000 | 50,423 |
Southern California Edison Co. | ||
3.65%, 03/01/28(a) | 50,000 | 53,578 |
4.20%, 03/01/29(a) | 100,000 | 110,506 |
Southern Co. | ||
3.25%, 07/01/26(a) | 100,000 | 104,020 |
Union Electric Co. | ||
3.50%, 03/15/29(a) | 75,000 | 80,823 |
Virginia Electric & Power Co. | ||
3.50%, 03/15/27(a) | 50,000 | 53,419 |
3.80%, 04/01/28(a) | 100,000 | 108,856 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25(a) | 50,000 | 52,279 |
5,064,057 | ||
Natural Gas 0.5% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29(a) | 50,000 | 50,640 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28(a) | 100,000 | 107,639 |
NiSource, Inc. | ||
3.49%, 05/15/27(a) | 125,000 | 131,754 |
Sempra Energy | ||
3.25%, 06/15/27(a) | 50,000 | 51,745 |
3.40%, 02/01/28(a) | 100,000 | 103,886 |
Southern California Gas Co. | ||
2.60%, 06/15/26(a) | 50,000 | 50,286 |
495,950 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.45%, 06/01/29(a) | 100,000 | 105,919 |
Aqua America, Inc. | ||
3.57%, 05/01/29(a) | 50,000 | 52,893 |
158,812 | ||
5,718,819 | ||
Total Corporates | ||
(Cost $108,181,759) | 108,855,488 |
Security | Number of Shares | Value ($) |
Other Investment Company0.9% of net assets | ||
Money Market Fund 0.9% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.53%(g) | 981,389 | 981,389 |
Total Other Investment Company | ||
(Cost $981,389) | 981,389 |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security converts to floating rate after the fixed-rate coupon period. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $3,117,927 or 2.8% of net assets. |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | Variable-rate security. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | The rate shown is the 7-day yield. |
REIT — | Real Estate Investment Trust |
Market Value at 12/31/18 | Gross Purchases* | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 12/31/19 | Face amount at 12/31/19 | Interest Income Earned | |
Charles Schwab Corp., 3.20%, 3/2/2027 | $— | $262,703 | $— | $— | ($262) | $262,441 | 250,000 | $284 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Corporates1 | $— | $108,855,488 | $— | $108,855,488 | |
Other Investment Company1 | 981,389 | — | — | 981,389 | |
Total | $981,389 | $108,855,488 | $— | $109,836,877 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in affiliated issuer, at value (cost $262,703) | $262,441 | |
Investments in unaffiliated issuers, at value (cost $108,900,445) | 109,574,436 | |
Cash | 205,648 | |
Receivables: | ||
Interest | 1,009,711 | |
Dividends | + | 729 |
Total assets | 111,052,965 | |
Liabilities | ||
Payables: | ||
Investments bought | 897,501 | |
Management fees | + | 4,695 |
Total liabilities | 902,196 | |
Net Assets | ||
Total assets | 111,052,965 | |
Total liabilities | – | 902,196 |
Net assets | $110,150,769 | |
Net Assets by Source | ||
Capital received from investors | 109,490,865 | |
Total distributable earnings | 659,904 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$110,150,769 | 2,200,000 | $50.07 | ||
Investment Income | ||
Dividends received from unaffiliated issuers | $12,702 | |
Interest received from affiliated issuer | 284 | |
Interest received from unaffiliated issuers | + | 423,934 |
Total investment income | 436,920 | |
Expenses | ||
Management fees | 9,305 | |
Total expenses | – | 9,305 |
Net investment income | 427,615 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on unaffiliated investments | (17,360) | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | (262) | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | + | 673,991 |
Net change in unrealized appreciation (depreciation) | + | 673,729 |
Net realized and unrealized gains | 656,369 | |
Increase in net assets resulting from operations | $1,083,984 |
* | Commencement of operations. |
Operations | ||
10/10/19*-12/31/19 | ||
Net investment income | $427,615 | |
Net realized losses | (17,360) | |
Net change in unrealized appreciation (depreciation) | + | 673,729 |
Increase in net assets resulting from operations | 1,083,984 | |
Distributions to Shareholders | ||
Total distributions | ($424,080) |
Transactions in Fund Shares | ||||
10/10/19*-12/31/19 | ||||
SHARES | VALUE | |||
Shares sold | 2,200,000 | $109,490,865 | ||
Shares redeemed | + | — | — | |
Net transactions in fund shares | 2,200,000 | $109,490,865 | ||
Shares Outstanding and Net Assets | ||||
10/10/19*-12/31/19 | ||||
SHARES | NET ASSETS | |||
Beginning of period | — | $— | ||
Total increase | + | 2,200,000 | 110,150,769 | |
End of period | 2,200,000 | $110,150,769 |
* | Commencement of operations. |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab U.S. TIPS ETF | Schwab U.S. Small-Cap ETF |
Schwab Short-Term U.S. Treasury ETF | Schwab U.S. Dividend Equity ETF |
Schwab Intermediate-Term U.S. Treasury ETF | Schwab International Equity ETF |
Schwab Long-Term U.S. Treasury ETF | Schwab International Small-Cap Equity ETF |
Schwab U.S. Aggregate Bond ETF | Schwab Emerging Markets Equity ETF |
Schwab 1-5 Year Corporate Bond ETF | Schwab U.S. REIT ETF |
Schwab 5-10 Year Corporate Bond ETF | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Broad Market ETF | Schwab Fundamental U.S. Large Company Index ETF |
Schwab 1000 Index® ETF | Schwab Fundamental U.S. Small Company Index ETF |
Schwab U.S. Large-Cap ETF | Schwab Fundamental International Large Company Index ETF |
Schwab U.S. Large-Cap Growth ETF | Schwab Fundamental International Small Company Index ETF |
Schwab U.S. Large-Cap Value ETF | Schwab Fundamental Emerging Markets Large Company Index ETF |
Schwab U.S. Mid-Cap ETF |
2. Significant Accounting Policies:
4. Affiliates and Affiliated Transactions:
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF |
0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.05% | 0.05% |
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF |
0.05% | 0.06% | 0.06% | 0.06% | 0.04% | 0.06% | 0.06% |
Underlying Funds | |||||
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab U.S. Aggregate Bond ETF | |||
Schwab Target 2010 Index Fund | 0.0%* | 0.1% | 0.2% | ||
Schwab Target 2015 Index Fund | 0.0%* | 0.1% | 0.3% | ||
Schwab Target 2020 Index Fund | 0.1% | 0.2% | 0.9% | ||
Schwab Target 2025 Index Fund | 0.1% | 0.2% | 1.2% | ||
Schwab Target 2030 Index Fund | -% | 0.1% | 1.3% | ||
Schwab Target 2035 Index Fund | -% | 0.1% | 0.6% | ||
Schwab Target 2040 Index Fund | -% | 0.0%* | 0.5% | ||
Schwab Target 2045 Index Fund | -% | 0.0%* | 0.2% | ||
Schwab Target 2050 Index Fund | -% | 0.0%* | 0.2% | ||
Schwab Target 2055 Index Fund | -% | 0.0%* | 0.1% | ||
Schwab Target 2060 Index Fund | -% | 0.0%* | 0.1% | ||
Schwab VIT Balanced Portfolio | 0.0%* | -% | 0.3% | ||
Schwab VIT Balanced with Growth Portfolio | 0.0%* | -% | 0.6% | ||
Schwab VIT Growth Portfolio | 0.0%* | -% | 0.3% |
5. Other Service Providers:
7. Borrowing from Banks:
8. Purchases and Sales/Maturities of Investment Securities:
Purchases of Long-Term U.S. Government Securities* | Purchases of Other Long-Term Securities | Total Purchases of Long-Term Securities | |
Schwab U.S. TIPS ETF | $1,608,538,894 | $— | $1,608,538,894 |
Schwab Short-Term U.S. Treasury ETF | 6,830,307,022 | — | 6,830,307,022 |
Schwab Intermediate-Term U.S. Treasury ETF | 3,355,514,385 | — | 3,355,514,385 |
Schwab Long-Term U.S. Treasury ETF** | 17,553,931 | — | 17,553,931 |
Schwab U.S. Aggregate Bond ETF | 4,686,047,488 | 879,155,795 | 5,565,203,283 |
Schwab 1-5 Year Corporate Bond ETF** | 401,266 | 38,227,325 | 38,628,591 |
Schwab 5-10 Year Corporate Bond ETF** | 2,085,164 | 112,351,263 | 114,436,427 |
Sales/Maturities of Long-Term U.S. Government Securities | Sales/Maturities of Other Long-Term Securities | Total Sales/Maturities of Long-Term Securities | |
Schwab U.S. TIPS ETF | $1,408,473,041 | $— | $1,408,473,041 |
Schwab Short-Term U.S. Treasury ETF | 4,055,747,505 | — | 4,055,747,505 |
Schwab Intermediate-Term U.S. Treasury ETF | 1,622,728,646 | — | 1,622,728,646 |
Schwab Long-Term U.S. Treasury ETF** | 465,628 | — | 465,628 |
Schwab U.S. Aggregate Bond ETF | 3,612,492,641 | 451,606,753 | 4,064,099,394 |
Schwab 1-5 Year Corporate Bond ETF** | — | 3,686,847 | 3,686,847 |
Schwab 5-10 Year Corporate Bond ETF** | 2,085,879 | 4,034,650 | 6,120,529 |
In-Kind Purchases of Securities | In-Kind Sales of Securities | |
Schwab U.S. TIPS ETF | $2,718,648,228 | $437,917,458 |
Schwab Short-Term U.S. Treasury ETF | 1,381,564,290 | 3,232,908,787 |
Schwab Intermediate-Term U.S. Treasury ETF | 540,062,095 | 1,183,774,412 |
Schwab Long-Term U.S. Treasury ETF** | 2,361,802 | — |
Schwab U.S. Aggregate Bond ETF | — | — |
Schwab 1-5 Year Corporate Bond ETF** | — | — |
Schwab 5-10 Year Corporate Bond ETF** | — | — |
10. Federal Income Taxes
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | ||||
Tax cost | $8,523,359,615 | $5,196,663,678 | $4,575,606,194 | $19,431,684 | |||
Gross unrealized appreciation | $187,798,762 | $45,751,737 | $141,962,338 | $— | |||
Gross unrealized depreciation | — | (279,266) | (5,589,546) | (628,427) | |||
Net unrealized appreciation (depreciation) | $187,798,762 | $45,472,471 | $136,372,792 | ($628,427) |
Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | |||
Tax cost | $7,320,083,099 | $35,092,185 | $109,170,590 | ||
Gross unrealized appreciation | $235,285,091 | $54,402 | $729,923 | ||
Gross unrealized depreciation | (6,387,337) | (19,970) | (63,636) | ||
Net unrealized appreciation (depreciation) | $228,897,754 | $34,432 | $666,287 |
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | ||||
Undistributed ordinary income | $500,996 | $149,610 | $7,141 | $2,619 | |||
Net unrealized appreciation (depreciation) on investments | 187,798,762 | 45,472,471 | 136,372,792 | (628,427) | |||
Total | $188,299,758 | $45,622,081 | $136,379,933 | ($625,808) |
Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | |||
Undistributed ordinary income | $280,040 | $1,327 | $3,535 | ||
Net unrealized appreciation (depreciation) on investments | 228,897,754 | 34,432 | 666,287 | ||
Total | $229,177,794 | $35,759 | $669,822 |
Expiration Date | Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | |||
No expiration | $32,782,017 | $25,324,257 | $22,109,717 | $— | |||
Total | $32,782,017 | $25,324,257 | $22,109,717 | $— |
Expiration Date | Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | ||
No expiration | $47,104,929 | $2,869 | $9,918 | ||
Total | $47,104,929 | $2,869 | $9,918 |
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | |
Capital loss carryforwards utilized | $— | $— | $— | $— |
Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | |
Capital loss carryforwards utilized | $336,357 | $— | $— |
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | |
Current period distributions | ||||
Ordinary income | $152,790,170 | $122,565,815 | $100,812,255 | $66,835 |
Long-term capital gains | — | — | — | — |
Prior period distributions | ||||
Ordinary income | $130,028,200 | $51,440,855 | $52,237,145 | $— |
Long-term capital gains | — | — | — | — |
Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | |
Current period distributions | |||
Ordinary income | $184,048,740 | $135,820 | $424,080 |
Long-term capital gains | — | — | — |
Prior period distributions | |||
Ordinary income | $144,430,430 | $— | $— |
Long-term capital gains | — | — | — |
11. Subsequent Events:
Schwab U.S. TIPS ETF, Schwab Short-Term U.S. Treasury ETF, Schwab Intermediate-Term U.S. Treasury ETF and Schwab U.S. Aggregate Bond ETF: statements of operations for the year ended December 31, 2019 and statements of changes in net assets for each of the two years in the period ended December 31, 2019. |
Schwab Long-Term U.S. Treasury ETF, Schwab 1-5 Year Corporate Bond ETF and Schwab 5-10 Year Corporate Bond ETF: statements of operations and changes in net assets for the period October 10, 2019 (commencement of operations) through December 31, 2019. |
San Francisco, California
February 18, 2020
Schwab U.S. TIPS ETF | 100.00% |
Schwab Short-Term U.S. Treasury ETF | 100.00% |
Schwab Intermediate-Term U.S. Treasury ETF | 100.00% |
Schwab Long-Term U.S. Treasury ETF | 100.00% |
Schwab U.S. Aggregate Bond ETF | 91.05% |
Schwab 1-5 Year Corporate Bond ETF | 80.03% |
Schwab 5-10 Year Corporate Bond ETF | 85.82% |
Market Price vs. NAV as of December 31, 2019
Number of Days Market Price Above NAV | Number of Days Market Price Below NAV | |||||||
1-49 Basis Points | 50-99 Basis Points | 100-199 Basis Points | >200 Basis Points | 1-49 Basis Points | 50-99 Basis Points | 100-199 Basis Points | >200 Basis Points | |
Schwab U.S. TIPS ETF | ||||||||
For the period | ||||||||
1/1/15 through 12/31/19 | 824 | — | — | — | 318 | — | — | — |
Schwab Short-Term U.S. Treasury ETF | ||||||||
For the period | ||||||||
1/1/15 through 12/31/19 | 732 | — | — | — | 203 | — | — | — |
Schwab Intermediate-Term U.S. Treasury ETF | ||||||||
For the period | ||||||||
1/1/15 through 12/31/19 | 649 | — | — | — | 387 | — | — | — |
Schwab Long-Term U.S. Treasury ETF | ||||||||
Commencement of trading | ||||||||
10/10/19 through 12/31/19 | 25 | — | — | — | 28 | — | — | — |
Schwab U.S. Aggregate Bond ETF | ||||||||
For the period | ||||||||
1/1/15 through 12/31/19 | 978 | — | — | — | 202 | — | — | — |
Schwab 1-5 Year Corporate Bond ETF | ||||||||
Commencement of trading | ||||||||
10/10/19 through 12/31/19 | 46 | — | — | — | 5 | — | — | — |
Schwab 5-10 Year Corporate Bond ETF | ||||||||
Commencement of trading | ||||||||
10/10/19 through 12/31/19 | 44 | — | — | — | 9 | — | — | — |
1. | the nature, extent and quality of the services to be provided to the Funds under the Agreement, including the resources of CSIM and its affiliates to be dedicated to the Funds; |
2. | CSIM’s investment performance in managing other funds having relevant investment objectives and strategies; |
3. | each Funds’ estimated expenses and how those expenses compared to those of certain other similar exchange-traded funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to management of other funds, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. | 99 | None |
John F. Cogan 1947 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. | 99 | Director (2005 – present), Gilead Sciences, Inc. |
Nancy F. Heller 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Retired. President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). | 99 | None |
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). | 99 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 99 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – present), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 99 | None |
Kiran M. Patel 1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Retired. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). | 99 | Director (2008 – present), KLA-Tencor Corporation |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 99 | None |
Gerald B. Smith 1950 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). | 99 | Director (2012 – present), Eaton Corporation plc |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. | 99 | Director (2008 – present), The Charles Schwab Corporation |
Jonathan de St. Paer2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. | 99 | None |
Joseph R. Martinetto2 1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank; Director (Nov. 2017 – present), Charles Schwab Premier Bank; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. | 99 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Jonathan de St. Paer 1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Mark Fischer 1970 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Treasurer and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management. |
George Pereira 1964 Senior Vice President and Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2004; Laudus Trust since 2006; Schwab Strategic Trust since 2009) | Senior Vice President and Chief Financial Officer (Nov. 2004 – present) and Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Operating Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Treasurer and Chief Financial Officer (June 2006 – Dec. 2015), Laudus Funds; Treasurer and Principal Financial Officer (Nov. 2004 – Dec. 2015), Schwab Funds; Treasurer and Principal Financial Officer (Oct. 2009 – Dec. 2015), Schwab ETFs; Director (Apr. 2005 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited. |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management. |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm). |
David Lekich 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Vice President and Assistant Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. |
Catherine MacGregor 1964 Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs. |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first. |
2 | Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co. |
3 | The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
Schwab ETFs
Index ETF
Printed on recycled paper.
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
00240582
Table of Contents
Item 2: | Code of Ethics. |
(a) | Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party. |
(c) | During the period covered by the report, no amendments were made to the provisions of this code of ethics. |
(d) | During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics. |
(f)(1) | Registrant has filed this code of ethics as an exhibit pursuant to Item 12(a)(1) of FormN-CSR. |
Item 3: | Audit Committee Financial Expert. |
Registrant’s Board of Trustees has determined that Kiran M. Patel and Kimberly S. Patmore, each currently serving on its audit, compliance and valuation committee, are each an “audit committee financial expert,” as such term is defined in Item 3 of FormN-CSR. Each member of Registrant’s audit, compliance and valuation committee is “independent” under the standards set forth in Item 3 of FormN-CSR.
The designation of each of Mr. Patel and Ms. Patmore as an “audit committee financial expert” pursuant to Item 3 of FormN-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant’s audit, compliance and valuation committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant’s audit, compliance and valuation committee or Board of Trustees.
Item 4: | Principal Accountant Fees and Services. |
Table of Contents
Registrant is composed of twenty-five operational series. Seven series have a fiscalyear-end of December 31, whose annual financial statements are reported in Item 1, seven series have a fiscalyear-end of February 28 and eleven series have a fiscalyear-end of August 31. Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to each of the twenty-five operational series based on their respective 2019 fiscal year andtwenty-two operational series based on their respective 2018 fiscal year, as applicable.
The following table presents fees billed by the principal accountant in each of the last two fiscal years for the services rendered to the Funds:
(a) Audit Fees | (b) Audit-Related Fees | (c) Tax Fees1 | (d) All Other Fees | |||||||||||||||||||||||||
Fiscal Year 2019 | Fiscal Year 2018 | Fiscal Year 2019 | Fiscal Year 2018 | Fiscal Year 2019 | Fiscal Year 2018 | Fiscal Year 2019 | Fiscal Year 2018 | |||||||||||||||||||||
$ 563,669 | $ | 504,395 | $ | 0 | $ | 0 | $ | 104,429 | $ | 91,339 | $ | 0 | $ | 0 |
1 | The nature of the services includes tax compliance, tax advice and tax planning. |
(e) (1) | Registrant’s audit, compliance and valuation committee does not havepre-approval policies and procedures as described in paragraph (c)(7) of Rule2-01 of RegulationS-X. | |
(2) | There were no services described in each of paragraphs (b) through (d) above (including services required to be approved by Registrant’s audit, compliance and valuation committee pursuant to paragraph (c)(7)(ii) of Rule2-01 of RegulationS-X) that were approved by Registrant’s audit, compliance and valuation committee pursuant to paragraph (c)(7)(i)(C) of Rule2-01 of RegulationS-X. |
(f) Not applicable.
(g)Below are the aggregatenon-audit fees billed in each of the last two fiscal years by Registrant’s principal accountant for services rendered to Registrant, to Registrant’s investment adviser, and to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant.
2019: $104,429 2018: $91,339
Table of Contents
(h)During the past fiscal year, allnon-audit services provided by Registrant’s principal accountant to either Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant werepre-approved. Included in the audit, compliance and valuation committee’spre-approval was the review and consideration as to whether the provision of thesenon-audit services is compatible with maintaining the principal accountant’s independence.
Item 5: | Audit Committee of Listed Registrants. |
The Registrant is a listed issuer as defined in Rule10A-3 under the Exchange Act and has separately-designated standing audit, compliance and valuation committee established in accordance with Section 3(a)58)(A) of the Exchange Act. The Registrant’s audit, compliance and valuation committee members are Kiran M. Patel, John F. Cogan, Nancy F. Heller and Kimberly S. Patmore.
Item 6: | Schedule of Investments. |
The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.
Item 7: | Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies. |
Not applicable.
Item 8: | Portfolio Managers ofClosed-End Management Investment Companies. |
Not applicable.
Item 9: | Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10: | Submission of Matters to a Vote of Security Holders. |
Table of Contents
Not applicable.
Item 11: | Controls and Procedures. |
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Jonathan de St. Paer and Registrant’s Chief Financial Officer, Mark Fischer, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. |
(b) | During the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
Item 12: | Disclosure of Securities Lending Activities forClosed-End Management Investment Companies. |
Not applicable.
Item 13: | Exhibits. |
(a) | (1) Registrant’s code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached. |
(2) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required byRule 30a-2(a) under the 1940 Act, are attached. |
(3) | Not applicable. |
(b) | A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule30a-2(b) under the 1940 Act, is attached. This certification is being |
Table of Contents
furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the FormN-CSR with the Commission. |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Strategic Trust
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer Chief Executive Officer | ||
Date: | February 18, 2020 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer Chief Executive Officer | ||
Date: | February 18, 2020 | |
By: | /s/ Mark Fischer | |
Mark Fischer Chief Financial Officer | ||
Date: | February 18, 2020 |